Royal Bank of Canada's RY6126577 Bond: Callable on January 25, 2039

The Royal Bank of Canada (RBC) has issued a corporate bond called RY6126577, which has a coupon rate of 5.5% and matures on July 18, 2040.

The bond is callable, with the next call date scheduled for January 25, 2039. The issuer reserves the right to redeem the bond before its maturity date, providing the holder with a 10-day notice period.

According to the bond's redemption details, the price at which it can be redeemed is set at 100% of the face value, with no accrued interest. This means that if the RBC decides to call the bond, investors will receive their initial investment back, plus any interest that has accumulated since the bond's issuance.

The bond's redemption schedule shows a series of calls, with each one occurring at regular intervals until maturity. The most recent call was made on October 26, 2022, and the next call is scheduled for January 25, 2039.