Royal Bank of Canada to redeem subordinated
TORONTO, September 27, 2013 - Royal Bank of Canada
(RY on TSX and NYSE) today announced its intention to redeem
all outstanding 5.45 per cent subordinated debentures due
November 4, 2018 (the "5.45 per cent debentures")
for 100 per cent of their principal amount plus accrued interest
to the redemption date. The redemption will occur on November
4, 2013. The current principal amount of 5.45 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:
Investor Relations, 416 955-7809
Tanis Feasby, Communications,