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Prospect News home > News index > List of issuers R > Headlines for Royal Bank of Canada > News item
Published on 2/15/2012 in the Prospect News Structured Products Daily.

RBC to price 18-year redeemable fixed-rate notes with 4% coupon

By Jennifer Chiou

New York, Feb. 15 - Royal Bank of Canada plans to price 4% redeemable fixed-rate notes due Feb. 28, 2030, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable semiannually.

The payout at maturity will be par.

The notes will be callable in whole at par on Feb. 28 of 2013, 2018, 2023 and 2028.

The notes (Cusip: 78008TU93) will settle on Feb. 28.

RBC Capital Markets, LLC will be the agent.


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