Forex
Royal Bank of Canada Issues Callable Corporate Bond with 6.0% Coupon Rate
The Royal Bank of Canada has issued a corporate bond called RY5514544, which has a coupon rate of 6.0% and matures on December 15, 2032.
A bond redemption is the complete repayment of the principal and any accrued interest.
The bond's redemption details show that it is a callable bond with a sinking fund schedule, meaning it can be redeemed early by the issuer.
The redemption type is call, and the minimum amount for redemption is 100.0% of the outstanding amount.
The next call date is November 7, 2029, which is 10 days after the call notice is given.