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TD Bank to Redeem $1.5B Notes, Adjust Rate Terms
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TD Bank to Redeem $1.5B Notes, Adjust Rate Terms

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

TD Bank Group has announced its plan to redeem all of its $1.5 billion 3.224% medium term notes due in 2029 at par value plus accrued interest on July 25, 2024. Additionally, the bank may seek to amend the terms of its $1.25 billion 4.859% medium term notes to update the interest rate benchmark. These strategic financial moves highlight TD’s active management of its debt portfolio and adherence to market changes.

For further insights into TSE:TD stock, check out TipRanks’ Stock Analysis page.

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