Forex
Royal Bank of Canada Issues Subordinated Debentures Worth USD 1.5 Billion
Royal Bank of Canada announced an issue of NVCC subordinated debentures worth USD 1.5 billion, which reached its closing date on October 1, 2026.
The notes carry a fixed annual interest rate of 4.67 percent until October 1, 2031, after which the rate changes to daily compounded CORRA plus 1.16 percent until maturity on October 1, 2036.
The transaction is a capital-markets event and not related to the bank's operating outlook, with proceeds earmarked for general business purposes.
Royal Bank of Canada reported record third-quarter earnings in fiscal 2026, with net income reaching CAD 6.0 billion, up 11.00 percent from the prior-year quarter.