Royal Bank of Canada intends to redeem all outstanding 3.96% subordinated debentures due Jan. 27, 2014 for 100% of their principal amount plus accrued interest, the bank said Thursday.The redemption will occur on Jan. 27, 2009. There is currently $500 million principal amount of 3.96% debentures outstanding.The redemption will be financed out of the general […]
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