Forex
Royal Bank of Canada Issues Callable Bond RY5992228
The Royal Bank of Canada (RBC) has issued a corporate bond called RY5992228, which matures on January 30, 2030. This bond carries a coupon rate of 5.1% and is listed on the FINRA exchange.
A bond redemption occurs when the principal and any accrued interest are completely repaid. The redemption details for RY5992228 include a callable type with a call notice period of 10 days, a next call date set for January 17, 2030, and an outstanding amount of $13,337,000.
The bond's redemption schedule shows that it has been called several times in the past, with each call occurring at a price of $100. The redemption type is callable, which means the issuer can redeem the bond before maturity if they choose to do so.