- Royal Bank of Canada ( NYSE: RY ) to issue C$1.5B of non-viability contingent capital (NVCC) subordinated debentures due February 1, 2033, through its Canadian Medium Term Note Program.
- Interest of 5.01% p.a. will be paid paid semi-annually until February 1, 2028 and at Daily Compounded CORRA plus 2.12% quarterly thereafter until their maturity.
- Offering is expected to close on January 31, 2023.
- Net proceeds from this transaction will be used for general business purposes.
- A quick look at the company's capital structure:
For further details see:
Royal Bank of Canada to raise C$1.5B of NVCC subordinated debentures