TD Bank Launches $1B Subordinated Notes Offering

Toronto Dominion Bank (TSE:TD) has released an update.

Toronto-Dominion Bank (TD) has announced a U.S. public offering of US$1 billion in Subordinated Notes, with a 5.146% fixed annual interest rate until 2029, after which it will be adjusted. The Notes, maturing in 2034, will bolster TD’s Tier 2 capital and the proceeds will be allocated for general corporate uses, including potential repayment of liabilities or redemption of capital securities.

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