Press Release: Royal Bank of Canada to redeem NVCC subordinated debentures

Dow Jones06:07

Royal Bank of Canada to redeem NVCC subordinated debentures

Canada NewsWire

TORONTO, Nov. 5, 2024

TORONTO, Nov. 5, 2024 /CNW/ - Royal Bank of Canada (TSX: RY) (NYSE: RY) today announced its intention to redeem all outstanding Non-Viability Contingent Capital (NVCC) 2.88 per cent subordinated debentures due December 23, 2029 for 100 per cent of their principal amount plus accrued interest to, but excluding, the redemption date. The redemption will occur on December 23, 2024. The current principal amount of 2.88 per cent NVCC subordinated 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.

For further information, please contact:

Investor contact:

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

Media contact:

Fiona McLean, Corporate Communications, fiona.mclean@rbc.com, 437-778-3506

SOURCE Royal Bank of Canada

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/November2024/05/c9328.html

Copyright CNW Group 2024

(END) Dow Jones Newswires

November 05, 2024 17:07 ET (22:07 GMT)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2481657924?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-11-06 06:07","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2481657924","market":"sg","top_or_hot":-1,"title":"Press Release: Royal Bank of Canada to redeem NVCC subordinated debentures","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     Royal Bank of Canada to redeem NVCC subordinated debentures \n</p>\n<p>\n     Canada NewsWire \n</p>\n<p>\n     TORONTO, Nov. 5, 2024 \n</p>\n<p>\n     TORONTO, Nov. 5, 2024 /CNW/ - Royal Bank of Canada (TSX: RY) (NYSE: RY) today announced its intention to redeem all outstanding Non-Viability Contingent Capital (NVCC) 2.88 per cent subordinated debentures due December 23, 2029 for 100 per cent of their principal amount plus accrued interest to, but excluding, the redemption date. The redemption will occur on December 23, 2024. The current principal amount of 2.88 per cent NVCC subordinated debentures outstanding is $1,500,000,000. \n</p>\n<p>\n     The redemption of the debentures will be financed out of the general corporate funds of Royal Bank of Canada. \n</p>\n<p>\n     For further information, please contact: \n</p>\n<p>\n     Investor contact: \n</p>\n<p>\n     Asim Imran, Investor Relations, asim.imran@rbc.com, 416-955-7804 \n</p>\n<p>\n     Media contact: \n</p>\n<p>\n     Fiona McLean, Corporate Communications, fiona.mclean@rbc.com, 437-778-3506 \n</p>\n<p>\n     SOURCE Royal Bank of Canada \n</p>\n<p>\n     View original content to download multimedia: http://www.newswire.ca/en/releases/archive/November2024/05/c9328.html \n</p>\n<pre>\nCopyright CNW Group 2024 \n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 05, 2024 17:07 ET (22:07 GMT)\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Press Release: Royal Bank of Canada to redeem NVCC subordinated debentures</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPress Release: Royal Bank of Canada to redeem NVCC subordinated debentures\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-06 06:07 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Royal Bank of Canada to redeem NVCC subordinated debentures \n\n\n     Canada NewsWire \n\n\n     TORONTO, Nov. 5, 2024 \n\n\n     TORONTO, Nov. 5, 2024 /CNW/ - Royal Bank of Canada (TSX: RY) (NYSE: RY) today ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4017","symbol_name":"黄金","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2481657924","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2481657924","pubTimestamp":1730844420,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"TORONTO, Nov. 5, 2024 /CNW/ - Royal Bank of Canada   today announced its intention to redeem all outstanding Non-Viability Contingent Capital  2.88 per cent subordinated debentures due December 23, 2029 for 100 per cent of their principal amount plus accrued interest to, but excluding, the redemption date. The redemption will occur on December 23, 2024. The current principal amount of 2.88 per cent NVCC subordinated 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.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4017":"黄金","BK4585":"ETF&股票定投概念","BK4588":"碎股","LU0345780521.USD":"NINETY ONE GSF GLOBAL GOLD \"A\" (USD) INC","LU0345780281.USD":"NINETY ONE GSF GLOBAL GOLD \"A\"  ACC","RGLD":"皇家黄金","BK4207":"综合性银行"},"translate_title":"新闻稿：加拿大皇家银行将赎回NVCC次级债券","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"RGLD":1},"content_text":"Royal Bank of Canada to redeem NVCC subordinated debentures \n\n\n     Canada NewsWire \n\n\n     TORONTO, Nov. 5, 2024 \n\n\n     TORONTO, Nov. 5, 2024 /CNW/ - Royal Bank of Canada (TSX: RY) (NYSE: RY) today announced its intention to redeem all outstanding Non-Viability Contingent Capital (NVCC) 2.88 per cent subordinated debentures due December 23, 2029 for 100 per cent of their principal amount plus accrued interest to, but excluding, the redemption date. The redemption will occur on December 23, 2024. The current principal amount of 2.88 per cent NVCC subordinated debentures outstanding is $1,500,000,000. \n\n\n     The redemption of the debentures will be financed out of the general corporate funds of Royal Bank of Canada. \n\n\n     For further information, please contact: \n\n\n     Investor contact: \n\n\n     Asim Imran, Investor Relations, asim.imran@rbc.com, 416-955-7804 \n\n\n     Media contact: \n\n\n     Fiona McLean, Corporate Communications, fiona.mclean@rbc.com, 437-778-3506 \n\n\n     SOURCE Royal Bank of Canada \n\n\n     View original content to download multimedia: http://www.newswire.ca/en/releases/archive/November2024/05/c9328.html \n\n\nCopyright CNW Group 2024 \n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 05, 2024 17:07 ET (22:07 GMT)","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2481657924"}