By Aleesia Forni
Virginia Beach, Oct. 30 - Toronto-Dominion Bank tapped its existing 2.625% senior medium-term notes, series A, (Aa1/AA-/) due Sept. 10, 2018 to add $850 million, according to an FWP filing with the Securities and Exchange Commission.
The notes priced with a spread of Treasuries plus 68 basis points, or 103.125 to yield 1.946%.
TD Securities, Citigroup Global Markets Inc., Goldman Sachs & Co. and Morgan Stanley & Co. LLC are the joint bookrunners.
Proceeds will be used for general corporate purposes.
The original $750 million issue priced with a spread of Treasuries plus 82 bps as part of a three-tranche offering on Sept. 5.
The financial services and banking company is based in Toronto.
| Issuer: | Toronto-Dominion Bank
|
| Amount: | $850 million
|
| Description: | Add-on to 2.625% notes due 2018
|
| Maturity: | Sept. 10, 2018
|
| Bookrunners: | TD Securities, Citigroup Global Markets Inc., Goldman Sachs & Co., Morgan Stanley & Co. LLC
|
| Senior co-manager: | BNP Paribas Securities Corp.
|
| Co-manager: | Credit Suisse Securities (USA) LLC
|
| Coupon: | 2.625%
|
| Price: | 103.125
|
| Yield: | 1.946%
|
| Spread: | Treasuries plus 68 bps
|
| Trade date: | Oct. 29
|
| Settlement date: | Nov. 5
|
| Ratings: | Moody's: Aa1
|
| Standard & Poor's: AA-
|
| Total issue size: | $1.6 billion, including $750 million priced on Sept. 5
|
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