Royal Bank of Canada to redeem subordinated debentures
Royal Bank of Canada (RY on TSX and NYSE) today announced its intention to redeem all outstanding 6.10% subordinated debentures due January 22, 2013 (the “6.10% debentures”), for 100 per cent of their principal amount plus accrued interest to the redemption date. The redemption will occur on January 22, 2008 and is subject to OSFI approval. There is currently $500,000,000 principal amount of 6.10% debentures outstanding.
The redemption of the debentures will be financed out of the general corporate funds of Royal Bank of Canada.
For further information, please contact:
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Marcia Moffat, Investor Relations, Toronto,
(416) 955-7803, email@example.com
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