Forex
Royal Bank of Canada's RY5223350 Bond Faces Next Call Date on July 20, 2028
Royal Bank of Canada's RY5223350 bond has an upcoming redemption date. According to TradingView, the bond's redemption type is callable, with a call notice period of 10 days. The next call date is scheduled for July 20, 2028.
The bond's issue status is current, and it has a remaining outstanding amount of $5 million USD. The redemption schedule shows that the bond was repurchased at 100% of its face value on several previous occasions, including in February 2004, January 2003, December 2002, November 2001, and October 2000.
A callable bond is one that can be redeemed by the issuer before its maturity date. This type of bond often has a sinking fund schedule to ensure that there are sufficient funds available for redemption.