Toronto Dominion Bank (TSE:TD) has released an update.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Toronto-Dominion Bank has issued JPY 20 billion in Fixed Rate Reset Subordinated Notes, which will serve as Tier 2 capital for regulatory purposes. The notes bear a fixed interest rate until 2029, after which it adjusts based on the Japanese government bond yield. This move is part of TD’s broader strategy for general corporate financing.
For further insights into TSE:TD stock, check out TipRanks’ Stock Analysis page.
