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SOURCE RBC
TORONTO, May 1, 2013 /CNW/ - Royal Bank of Canada (RY on TSX and NYSE)
today announced its intention to redeem all outstanding 5.00 per cent
subordinated debentures due June 6, 2018 (the "5.00 per cent
debentures") for 100 per cent of their principal amount plus accrued
interest to the redemption date. The redemption will occur on June 6,
2013. The current principal amount of 5.00 per cent debentures
outstanding is $1,000,000,000.
The redemption of the debentures will be financed out of the general
corporate funds of Royal Bank of Canada.
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