By Wendy Van Sickle
Columbus, Ohio, April 2 – Toronto-Dominion Bank priced C$1.75 billion of 5.177% medium-term notes due April 9, 2034 on Tuesday, according to a news release.
The non-viability contingent capital notes will have a fixed rate until April 9, 2029 and thereafter will carry a floating rate at the daily compounded Corra plus 153 basis points.
TD Securities Inc. was the bookrunner.
Proceeds will be used for general corporate purposes.
The bank and financial services company is based in Toronto.
| Issuer: | Toronto-Dominion Bank
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| Amount: | C$1.75 billion
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| Description: | Fixed-to-floating rate medium-term notes
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| Maturity: | April 9, 2034
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| Bookrunner: | TD Securities Inc.
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| Coupon: | 5.177%; resets April 9, 2029 to floating rate at daily compounded Corra plus 153 bps
|
| Call feature: | On or after April 9, 2029 at par
|
| Trade date: | April 2
|
| Settlement date: | April 9
|
| Distribution: | Canada
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