By Cristal Cody
Tupelo, Miss., Dec. 17 – Toronto-Dominion Bank priced C$1 billion of 2.621% seven-year deposit notes at par on Wednesday, according to a market source.
The bank sold the notes due Dec. 22, 2021 (Aa1/AA-/DBRS: AA) at a spread of 110 basis points versus the interpolated Government of Canada bond curve.
TD Securities Inc. was the bookrunner.
Toronto-Dominion Bank is a bank and financial services company based in Toronto.
| Issuer: | Toronto-Dominion Bank
|
| Amount: | C$1 billion
|
| Maturity: | Dec. 22, 2021
|
| Securities: | Deposit notes
|
| Bookrunner: | TD Securities Inc.
|
| Coupon: | 2.621%
|
| Price: | Par
|
| Yield: | 2.621%
|
| Spread: | 110 bps over interpolated Government of Canada bond curve
|
| Pricing date: | Dec. 17
|
| Settlement date: | Dec. 22
|
| Ratings: Moody’s: Aa1
|
| Standard & Poor’s: AA-
|
| DBRS: AA
|
| Distribution: | Canada
|
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