RBC Bond Offers 5.00% Coupon Rate with 2038 Redemption Date

A bond issued by Royal Bank of Canada (RBC) is currently offering a coupon rate of 5.00% and has a redemption date set for January 15, 2038. The next interest payment is scheduled to occur on January 15, 2027.

The bond's coupon frequency is semi-annual, with payments made every six months until maturity. Each payment will be worth $25, which is the coupon amount. The current accrued coupon interest as of September 14, 2023, is approximately 1.94%.