RBC Offers $1.5 Billion NVCC Subordinated Debenture Issue
Royal Bank of Canada (TSX: RY) (NYSE: RY) has announced an offering of $1.5 billion in non-viability contingent capital (NVCC) subordinated debentures through its Canadian Medium Term Note Program.
The Notes will be issued under the bank's existing shelf prospectus and are subject to regulatory approval. The offering is not for distribution in the United States or to U.S. news wire services.