By Cristal Cody
Tupelo, Miss., July 12 – Toronto-Dominion Bank priced $2 billion of senior medium-term notes (Aa2/AA-) in two tranches on Thursday, according to FWP filings with the Securities and Exchange Commission.
The bank sold $400 million of five-year floating-rate notes at par to yield Libor plus 64 basis points.
Toronto-Dominion Bank priced $1.6 billion of 3.5% five-year fixed-rate notes at a spread of Treasuries plus 78 bps. The notes priced at 99.864 to yield 3.53%.
TD Securities (USA) LLC, Goldman Sachs & Co., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and Wells Fargo Securities LLC were the bookrunners.
The bank and financial services company is based in Toronto.
| Issuer: | Toronto-Dominion Bank
|
| Amount: | $2 billion
|
| Description: | Series A senior medium-term notes
|
| Bookrunners: | TD Securities (USA) LLC, Goldman Sachs & Co., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and Wells Fargo Securities LLC
|
| Trade date: | July 12
|
| Settlement date: | July 19
|
| Ratings: | Moody’s: Aa2
|
| S&P: AA-
|
| Distribution: | SEC registered
|
|
|
| Five-year floaters
|
| Amount: | $400 million
|
| Maturity: | July 19, 2023
|
| Description: | Floating-rate notes
|
| Coupon: | Libor plus 64 bps
|
| Price: | Par
|
| Yield: | Libor plus 64 bps
|
| Call feature: | None
|
|
|
| Five-year notes
|
| Amount: | $1.6 billion
|
| Maturity: | July 19, 2023
|
| Description: | Fixed-rate notes
|
| Coupon: | 3.5%
|
| Price: | 99.864
|
| Yield: | 3.53%
|
| Spread: | Treasuries plus 78 bps
|
| Call feature: | None
|
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