Royal Bank of Canada issues NOK 500 million callable senior notes
Royal Bank of Canada has issued NOK 500,000,000 in callable senior notes due June 24, 2037. The notes carry a coupon rate of 5.085 per cent.
Royal Bank of Canada has issued NOK 500,000,000 in callable senior notes, with a maturity date of June 24, 2037. The notes bear an annual interest rate of 5.085 per cent.
These newly issued notes will be consolidated and form a single series with NOK 400,000,000 of callable senior notes previously issued on June 24, 2026, which share the same interest rate and maturity date. This issuance falls under the bank's established Programme for the Issuance of Securities.
The move is part of the bank's ongoing funding strategy, aimed at managing its capital structure and ensuring liquidity. Such issuances are common for large financial institutions seeking to diversify funding sources and optimize borrowing costs in the capital markets.
Royal Bank of Canada is one of Canada's largest banks and a major global financial services provider, offering a comprehensive suite of banking, wealth management, and capital markets products.