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.
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