Royal Bank of Canada to Redeem 5.0% Bond in October 2023

A bond redemption is an event where a borrower repays the principal and any accrued interest on a bond. The Royal Bank of Canada's 5.0% 17-OCT-2044 bond, with ticker RY5917525, has a callable redemption type.

The bond's call notice days are set at 10, and its next call date is scheduled for October 2023. On this date, the bank will redeem the bond for $100 per unit, as per the redemption details provided by TradingView.

According to the data available on TradingView, there have been several previous redemptions of this bond, all occurring at a price of $100 per unit.

The total outstanding amount of this bond is $5,016,000.00, and its redemption type is callable.