{"id":392699,"date":"2020-12-03T08:40:56","date_gmt":"2020-12-03T13:40:56","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=392699"},"modified":"2020-12-03T08:40:56","modified_gmt":"2020-12-03T13:40:56","slug":"royal-bank-of-canada-to-redeem-nvcc-subordinated-debentures-2","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/royal-bank-of-canada-to-redeem-nvcc-subordinated-debentures-2\/","title":{"rendered":"Royal Bank of Canada to redeem NVCC subordinated debentures"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">Canada NewsWire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">TORONTO<\/span>, <span class=\"xn-chron\">Dec. 3, 2020<\/span> \/CNW\/ &#8211; Royal Bank of <span class=\"xn-location\">Canada<\/span> (TSX: RY) (NYSE: RY) today announced its intention to redeem all outstanding Non-Viability Contingent Capital (NVCC) 3.31 per cent subordinated debentures due <span class=\"xn-chron\">January 20, 2026<\/span> for 100 per cent of their principal amount plus accrued interest to, but excluding, the redemption date. The redemption will occur on <span class=\"xn-chron\">January 20, 2021<\/span>. The current principal amount of 3.31 per cent NVCC subordinated debentures outstanding is <span class=\"xn-money\">$1,500,000,000<\/span>.<\/p>\n<p>The redemption of the debentures will be financed out of the general corporate funds of Royal Bank of <span class=\"xn-location\">Canada<\/span>.<\/p>\n<p>SOURCE  Royal Bank of <span class=\"xn-location\">Canada<\/span><\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=C8515&amp;Transmission_Id=202012030837CANADANWWEB______C8515&amp;DateId=20201203\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Canada NewsWire TORONTO, Dec. 3, 2020 \/CNW\/ &#8211; Royal Bank of Canada (TSX: RY) (NYSE: RY) today announced its intention to redeem all outstanding Non-Viability Contingent Capital (NVCC) 3.31 per cent subordinated debentures due January 20, 2026 for 100 per cent of their principal amount plus accrued interest to, but excluding, the redemption date. The redemption will occur on January 20, 2021. The current principal amount of 3.31 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. SOURCE Royal Bank of Canada<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-392699","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Royal Bank of Canada to redeem NVCC subordinated debentures - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/royal-bank-of-canada-to-redeem-nvcc-subordinated-debentures-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Royal Bank of Canada to redeem NVCC subordinated debentures - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Canada NewsWire TORONTO, Dec. 3, 2020 \/CNW\/ &#8211; Royal Bank of Canada (TSX: RY) (NYSE: RY) today announced its intention to redeem all outstanding Non-Viability Contingent Capital (NVCC) 3.31 per cent subordinated debentures due January 20, 2026 for 100 per cent of their principal amount plus accrued interest to, but excluding, the redemption date. The redemption will occur on January 20, 2021. The current principal amount of 3.31 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. SOURCE Royal Bank of Canada\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/royal-bank-of-canada-to-redeem-nvcc-subordinated-debentures-2\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-03T13:40:56+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=C8515&amp;Transmission_Id=202012030837CANADANWWEB______C8515&amp;DateId=20201203\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/royal-bank-of-canada-to-redeem-nvcc-subordinated-debentures-2\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/royal-bank-of-canada-to-redeem-nvcc-subordinated-debentures-2\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Royal Bank of Canada to redeem NVCC subordinated debentures\",\"datePublished\":\"2020-12-03T13:40:56+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/royal-bank-of-canada-to-redeem-nvcc-subordinated-debentures-2\\\/\"},\"wordCount\":99,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/royal-bank-of-canada-to-redeem-nvcc-subordinated-debentures-2\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/rt.prnewswire.com\\\/rt.gif?NewsItemId=C8515&amp;Transmission_Id=202012030837CANADANWWEB______C8515&amp;DateId=20201203\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/royal-bank-of-canada-to-redeem-nvcc-subordinated-debentures-2\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/royal-bank-of-canada-to-redeem-nvcc-subordinated-debentures-2\\\/\",\"name\":\"Royal Bank of Canada to redeem NVCC subordinated debentures - 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The redemption will occur on January 20, 2021. The current principal amount of 3.31 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. 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