Royal Bank of Canada Bond Can Be Redeemed Early
Royal Bank of Canada's 5.3% bond issued in July 2038 is a callable bond, meaning it can be redeemed early by the issuer.
The bond has a sinking fund schedule that may impact redemption decisions.
According to TradingView data, the bond has been redeemed at face value (100%) several times since its issuance.
The next call date for this bond is in 2020 and the issuer will give 10 days' notice before calling it.