Royal Bank of Canada to redeem subordinated
TORONTO, February 27, 2013 - Royal Bank of Canada
(RY on TSX and NYSE) today announced that, further to the
notice issued on February 11, 2013, regulatory approval has
been received for the redemption of all outstanding 4.84 per
cent subordinated debentures due March 11, 2018 (the "4.84
per cent debentures"), for 100 per cent of their principal
amount plus accrued interest to the redemption date of March
13, 2013. The principal amount of 4.84 per cent debentures
outstanding is $1,000,000,000.
The redemption of the debentures will be financed out of
the general corporate funds of Royal Bank of Canada.
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For further information, please contact:
Tanis Feasby, 416