By Andrea Heisinger
New York, Oct. 12 - Toronto-Dominion Bank sold $1.5 billion of 2.375% five-year senior medium-term notes, series A, on Wednesday to yield 135 basis points over Treasuries, a market source said.
The non-callable notes (Aaa/AA-/) were priced at 99.444 to yield 2.494%.
Bookrunners were TD Securities (USA) LLC, J.P. Morgan Securities LLC, Citigroup Global Markets Inc. and Goldman Sachs & Co.
Proceeds will be added to general funds and used for general corporate purposes.
TD Bank last priced paper in a $5 billion sale of covered bonds in three- and five-year maturities on Sept. 7. The 1.625% five-year bonds from that sale were priced at mid-swaps plus 44 bps or Treasuries plus 73.4 bps.
The bank and financial services company is based in Toronto.
| Issuer: | Toronto-Dominion Bank
|
| Issue: | Senior medium-term notes, series A
|
| Amount: | $1.5 billion
|
| Maturity: | Oct. 19, 2016
|
| Bookrunners: | TD Securities (USA) LLC, J.P. Morgan Securities LLC, Citigroup Global Markets Inc., Goldman Sachs & Co.
|
| Coupon: | 2.375%
|
| Price: | 99.444
|
| Yield: | 2.494%
|
| Spread: | Treasuries plus 135 bps
|
| Call: | Non-callable
|
| Trade date: | Oct. 12
|
| Settlement date: | Oct. 19
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AA-
|
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