TD Bank Group Announces EUR 750 Million Subordinated Notes Offering

Toronto Dominion Bank ( (TSE:TD) ) just unveiled an update.

TD Bank Group announced a public offering of EUR 750 million in Fixed Rate Reset Subordinated Notes, classified as Non-Viability Contingent Capital. These Notes, intended to qualify as Tier 2 capital, will help the bank in its general corporate activities, including potential redemption of existing securities. The issuance, managed by Barclays, Commerzbank, Deutsche Bank, Natixis, and TD Securities, highlights the bank’s strategic financial maneuvers to strengthen its capital base and maintain its competitive positioning within the financial industry.

More about Toronto Dominion Bank

The Toronto-Dominion Bank, known as TD Bank Group, is the sixth largest bank in North America by assets, with operations in Canadian Personal and Commercial Banking, U.S. Retail, Wealth Management and Insurance, and Wholesale Banking. TD serves over 27.9 million customers globally and is recognized as a leading online financial services firm with more than 17 million active online and mobile customers. As of October 31, 2024, the bank had $2.06 trillion in assets and is publicly traded on the Toronto and New York Stock Exchanges under the symbol ‘TD’.

YTD Price Performance: 3.31%

Average Trading Volume: 2,562,872

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $95.2B

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