Published on 7/22/2010 in the Prospect News Investment Grade Daily.
New Issue: Toronto-Dominion Bank sells $2 billion 2.2% five-year bonds at Treasuries plus 57.1 bps
By Andrea Heisinger
New York, July 22 - Toronto-Dominion Bank sold $2 billion of 2.2% five-year covered bonds on Thursday to yield Treasuries plus 57.1 basis points, a source close to the deal said.
The bonds (Aaa/AAA/) priced at 99.859 to yield 2.23%.
Barclays Capital Inc., Deutsche Bank Securities Inc., RBS Securities and TD Securities were the bookrunners.
The financial services company is based in Toronto.
| Issuer: | Toronto-Dominion Bank
|
| Issue: | Covered bonds
|
| Amount: | $2 billion
|
| Maturity: | July 29, 2015
|
| Bookrunners: | Barclays Capital Inc., Deutsche Bank Securities Inc., RBS Securities, TD Securities
|
| Coupon: | 2.2%
|
| Price: | 99.859
|
| Yield: | 2.23%
|
| Spread: | Treasuries plus 57.1 bps
|
| Call: | Non-callable
|
| Trade date: | July 22
|
| Settlement date: | July 29
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
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