Royal Bank of Canada to Purchase Subordinated Indebtedness.
PR Newswire Europe, March, 2005
LONDON, March 22 /PRNewswire/ -- Royal Bank of Canada (TSX: RY, NYSE: RY) today announced that it may purchase from time to time, some or all of the outstanding US$300 million Floating Rate Debenture Notes due 2085, ISIN No. GB0007542557, (the "debentures") by private treaty or otherwise at such prices and on such other terms as may be determined in its sole discretion in accordance with the terms of the debentures. RBC Capital Markets has been engaged by the bank to coordinate the purchase of debentures on its behalf. Any debentures which are purchased (including all related unmatured coupons) by the bank will be cancelled.
The bank also announced that it has entered into a Second Supplemental Trust Indenture dated February 28, 2005 with Computershare...
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