No-Interest Royal Bank Bond Worth $17.2 Million Matures in 2027

Royal Bank of Canada issued a corporate bond with the ticker RY6138016, which has a face value of $17.2 million and matures on August 5, 2027.

The bond's redemption details show that it is not callable, meaning it cannot be redeemed early by the issuer.

Royal Bank of Canada issued this corporate bond with a fixed interest rate of 0%, which means investors will not earn any interest on their investment. The bond has no sinking fund schedule, indicating that there are no prepayment obligations for the issuer.