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RBC calls C$2 billion 2.99% subordinated debentures due 2024 at par
By Marisa Wong
Los Angeles, Oct. 18 – Royal Bank of Canada said it intends to redeem all C$2 billion of its outstanding 2.99% subordinated debentures due Dec. 6, 2024.
The debentures will be redeemed on Dec. 6 at par plus accrued interest to but excluding the redemption date.
The redemption will be financed using general corporate funds.
The financial services company is based in Toronto.
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