Royal Bank of Canada (RY) Prices $1.5B NVCC Subordinated Debentures
Royal Bank of Canada announced a $1.5B NVCC subordinated debenture offering: 4.67% fixed to Oct 1, 2031, then Daily Compounded CORRA +1.16% to maturity Oct 1, 2036. Callable at par on/after Oct 1, 2031 with OSFI approval. Closing expected Oct 1, 2026.Material DetailsContext by AI AnalystRBC continu…