Royal Bank of Canada to redeem subordinated
TORONTO, May 1, 2013 - Royal Bank of Canada (RY on
TSX and NYSE) today announced its intention to redeem all
outstanding 5.00 per cent subordinated debentures due June
6, 2018 (the "5.00 per cent debentures") for 100
per cent of their principal amount plus accrued interest to
the redemption date. The redemption will occur on June 6,
2013. The current principal amount of 5.00 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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