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Royal Bank of Canada set to redeem subordinated debentures

Royal Bank of Canada will redeem C$2 billion worth of subordinated debentures Dec. 6.

The debentures were set to mature Dec. 6, 2024.

The redemption covers all outstanding 2.99% subordinated debentures for 100% of their principal, including accrued interest to, but excluding, the redemption date. The redemption will be funded using general corporate funds.