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Royal Bank of Canada to redeem subordinated debentures


TORONTO, Sept. 27, 2013 /CNW/ - Royal Bank of Canada (RY on TSX and NYSE) today announced its intention to redeem all outstanding 5.45 per cent subordinated debentures due November 4, 2018 (the "5.45 per cent debentures") for 100 per cent of their principal amount plus accrued interest to the redemption date. The redemption will occur on November 4, 2013. The current principal amount of 5.45 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.

SOURCE RBC

Investor contact: Karen McCarthy, Investor Relations, 416 955-7809

Media contact: Tanis Feasby, Corporate Communications, 416 955-5172

To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/September2013/27/c4866.html

CO: RRYIR ST: Ontario NI: FIN

-0- Sep/27/2013 12:00 GMT

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