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Published on 9/20/2011 in the Prospect News Canadian Bonds Daily and Prospect News Liability Management Daily.

TD Bank calls all outstanding 4.87% subordinated debentures due 2016

By Ashley Montgomery

Kansas City, Kan., Sept. 20 - Toronto-Dominion Bank intends to redeem its C$500 million of outstanding 4.87% subordinated debentures on Oct. 28, the company said in a news release.

The redemption price will be par. Interest will not accrue after the redemption date.

Toronto-based TD Bank is the sixth largest bank in North America by number of branches.


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