Toronto Dominion Bank (TSE:TD) has released an update.
Toronto-Dominion Bank has announced the issue of US$1,000,000,000 5.146% Subordinated Notes due in 2034, which will convert into common shares in case of a trigger event. The notes are being sold under an agreement with TD Securities (USA) LLC and other underwriters, and will be governed by a base indenture and a supplemental indenture. The bank has made key representations and warranties regarding compliance with securities regulations and the accuracy of the registration statement and prospectus.
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