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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 18, 2019 - Royal Bank of Canada (RY on TSX and NYSE) today announced its intention to redeem all outstanding 2.99 per cent subordinated debentures due December 6, 2024 for 100 per cent of their principal amount plus accrued interest to, but excluding, the redemption date. The redemption will occur on December 6, 2019. The current principal amount of 2.99 per cent subordinated debentures outstanding is $2,000,000,000.

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 contact:
Asim Imran, Investor Relations, asim.imran@rbc.com, 416-955-7804

Media contact:
Maria McGee, Corporate Communications, maria.mcgee@rbc.com, 416-974-2789