RBC Stock Climbs as Bank Announces Capital Notes Offering

Royal Bank of Canada's stock closed at CAD 285.63 on September 25, up 1.25 percent from the previous session.

This follows an announcement by the bank regarding an offering of non-viability contingent capital Additional Tier 1 Limited Recourse Capital Notes, Series 9.

The notes carry a 6.275 percent annual interest rate through November 24, 2031, and will reset every five years to match the prevailing Government of Canada yield plus 2.70 percentage points.

The expected closing date for this offering is September 29, 2026, with net proceeds intended for general business purposes.