RBC Issues Callable Bond with 5.3% Coupon Rate

The Royal Bank of Canada (RBC) has issued a corporate bond with a coupon rate of 5.3% and a maturity date of February 14, 2035.

The bond is classified as callable, meaning it can be redeemed early by the issuer.

A redemption schedule shows that the bond will be repurchased at face value, with the first call on February 1, 2024, followed by subsequent calls every two years until maturity.

The current outstanding amount of the bond is $1.392 billion CAD, and it has a remaining life of approximately 11 years.