By Devika Patel and Cristal Cody
Knoxville, Tenn., July 20 – Toronto-Dominion Bank priced $2 billion of 3.815% three-year covered notes with a spread of SOFR mid-swaps plus 79 basis points, or Treasuries plus 61.2 bps, on Tuesday, according to a market source.
Initial price talk was in the SOFR mid-swaps plus 80 bps area.
TD Securities, Citigroup, Scotia, Standard Chartered Bank, UBS and Wells Fargo Securities were the bookrunners.
The financial services company is based in Toronto.
| Issuer: | The Toronto-Dominion Bank
|
| Amount: | $2 billion
|
| Issue: | Covered notes
|
| Maturity: | July 25, 2025
|
| Bookrunners: | TD Securities, Citigroup, Scotia, Standard Chartered Bank, UBS and Wells Fargo Securities
|
| Coupon: | 3.815%
|
| Price: | Par
|
| Yield: | 3.815%
|
| Spread: | SOFR mid-swaps plus 79 bps or Treasuries plus 61.2 bps
|
| Trade date: | July 19
|
| Settlement date: | July 26
|
| Ratings: | Moody’s: Aaa
|
| DBRS: AAA
|
| Distribution: | Rule 144A and Regulation S
|
| Cusips: | 891160TC7, C8888MTD0
|
| Guidance: | SOFR mid-swaps plus 80 bps area
|
|
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
