By Aleesia Forni
New York, Dec. 7 – Toronto-Dominion Bank sold $2 billion of five-year fixed- and floating-rate senior medium-term notes (Aa1/AA-/AA-), series A, on Monday, according to an informed source.
There was $250 million of floating-rate notes sold at par to yield Libor plus 93 basis points.
A $1.75 billion tranche of 2.5% fixed-rate notes priced with a spread of Treasuries plus 87.5 bps. The notes priced at 99.785 to yield 2.546%.
TD Securities, J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and UBS Securities LLC are the bookrunners.
Proceeds will be used for general corporate purposes.
The financial services and banking company is based in Toronto.
| Issuer: | Toronto-Dominion Bank
|
| Issue: | Senior medium-term notes, series A
|
| Amount: | $2 billion
|
| Bookrunners: | TD Securities, J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, UBS Securities LLC
|
| Trade date: | Dec. 7
|
| Settlement date: | Dec. 14
|
| Ratings: | Moody’s: Aa1
|
| Standard & Poor’s: AA-
|
| Fitch: AA-
|
| Distribution: | SEC registered
|
|
|
| Five-year floaters
|
| Amount: | $250 million
|
| Maturity: | Dec. 14, 2020
|
| Coupon: | Libor plus 93 bps
|
| Price: | Par
|
| Yield: | Libor plus 93 bps
|
|
|
| Five-year notes
|
| Amount: | $1.75 billion
|
| Maturity: | Dec. 14, 2020
|
| Coupon: | 2.5%
|
| Price: | 99.785
|
| Yield: | 2.546%
|
| Spread: | Treasuries plus 87.5 bps
|
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