Royal Bank of Canada Bond Offers Early Redemption Option

The Royal Bank of Canada has a callable bond, RY5809883, that matures on May 13, 2039. This bond offers a 6% annual return and is currently valued at $100.

According to the data provided, the bond can be redeemed early through a call notice of at least 10 days before the next scheduled redemption date. The issuer has not yet exercised this option.

The bond's outstanding amount is set at $3 million, and its redemption type is classified as 'callable'. This means that the issuer reserves the right to redeem the bond prior to maturity if market conditions are favorable.