By Cristal Cody
Prospect News, March 26 - Toronto-Dominion Bank sold C$1.5 billion of 2.171% five-year deposit notes (Aa1/AA-/DBRS: AA) at par in an offering upsized from C$1 billion on Tuesday, according to an informed source.
The notes priced at a spread of 84 basis points over the Canadian bond curve, at the tight end of talk of 86 bps, plus or minus 2 bps.
TD Securities Inc. was the bookrunner.
The bank and financial services company is based in Toronto.
| Issuer: | Toronto-Dominion Bank
|
| Amount: | C$1.5 billion, upsized from C$1 billion
|
| Maturity: | April 2, 2018
|
| Securities: | Deposit notes
|
| Bookrunner: | TD Securities Inc.
|
| Coupon: | 2.171%
|
| Price: | Par
|
| Yield: | 2.171%
|
| Spread: | 84 bps over Canadian bond curve
|
| Pricing date: | March 26
|
| Settlement date: | April 2
|
| Ratings: | Moody's: Aa1
|
| Standard & Poor's: AA-
|
| DBRS: AA
|
| Distribution: | Canada
|
| Price talk: | 86 bps, plus or minus 2 bps
|
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