Forex
Royal Bank of Canada's Callable Bond Issue: Redemption Details Revealed
The Royal Bank of Canada's 5.5% bond issue maturing on May 30, 2033, has a callable redemption profile. According to TradingView, the bond has been called several times in the past with a price of $100.00. The next call date is not specified but the notice period is 10 days.
The issuer has a sinking fund schedule that may impact redemption decisions for this callable bond. However, detailed information on the sinking fund is not provided in the source.
As of the data available, the outstanding amount of the bond issue is $5,548,000.00. The bond has been rated by some agencies but no specific ratings are mentioned in the source.