Royal Bank of Canada Sets Interest Rate for Floating Rate Debentures
Royal Bank of Canada has announced the interest rate for its Floating Rate Debentures due 2085. The rate for the upcoming interest period will be 4.125% per annum.
Royal Bank of Canada has set the interest rate for its Floating Rate Debentures due 2085, according to a notice released on September 29, 2026.
The interest rate for the period commencing September 30, 2026, has been fixed at 4.125% annually. This rate applies to the debentures with the identifier GB0007542557.
Holders of these debentures will receive interest payments based on this rate. The specific amount payable on September 30, 2026, is U.S. $105.42 for every U.S. $10,000 in nominal value.
The debentures are variable rate instruments, meaning their interest payments fluctuate over time based on prevailing market conditions. This adjustment mechanism is designed to reflect changes in short-term interest rates.