Royal Bank of Canada Bond RY5994274 Offers Callable Redemption Option

The Royal Bank of Canada's 5.55% bond due in 2040 has a redemption schedule that allows for early repayment. The bond, listed as RY5994274 on the FINRA exchange, can be redeemed at face value by the issuer with 10 days' notice.

According to TradingView data, the bond's redemption history shows a pattern of regular redemptions every few years since its issuance. On several dates between 2003 and 2027, the Royal Bank of Canada repurchased the bond at $100 per unit.

The current outstanding amount is $500 million, with a redemption type described as 'callable'. This means that the issuer can choose to redeem the bond at any time before its maturity date in 2040.