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About RBC > Media Newsroom > News Releases > Royal Bank of Canada to redeem subordinated debentures

Royal Bank of Canada to redeem subordinated debentures

TORONTO, October 1, 2015 -  Royal Bank of Canada (RY on TSX and NYSE) today announced its intention to redeem all outstanding 3.18 per cent subordinated debentures due November 2, 2020 (the “3.18 per cent debentures”) for 100 per cent of their principal amount plus accrued interest to, but excluding, the redemption date. The redemption will occur on November 2, 2015. The current principal amount of 3.18 per cent debentures outstanding is $1,500,000,000.

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 contact:
Julia Macleod, Investor Relations, 416-955-7302

Media contact:
Seema Sharma, Financial Communications, 416-974-5606