By Cristal Cody
Prospect News, June 19 – Toronto-Dominion Bank sold C$1.5 billion of 2.563% deposit notes due June 24, 2020 at par on Thursday, according to an informed source.
The notes (Aa1/AA-/DBRS: AA) priced with a spread of 86 basis points over the interpolated Government of Canada bond curve.
TD Securities Inc. was the bookrunner.
The bank and financial services company is based in Toronto.
| Issuer: | Toronto-Dominion Bank
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| Amount: | C$1.5 billion
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| Maturity: | June 24, 2020
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| Securities: | Deposit notes
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| Bookrunner: | TD Securities Inc.
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| Coupon: | 2.563%
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| Price: | Par
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| Yield: | 2.563%
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| Spread: | 86 bps over interpolated Government of Canada bond curve
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| Pricing date: | June 19
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| Settlement date: | June 24
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| Ratings: | Moody’s: Aa1
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| Standard & Poor’s: AA-
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| DBRS: AA
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| Distribution: | Canada
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