New Issue: Toronto-Dominion Bank prices $1.5 billion 2.65% five-year notes at 80 bps spread

By Cristal Cody

Tupelo, Miss., June 5 – Toronto-Dominion Bank priced $1.5 billion of 2.65% five-year senior medium-term notes (Aa3/A) on Wednesday at a spread of 80 basis points over Treasuries, according to a market source and an FWP filing with the Securities and Exchange Commission.

The notes priced at 99.986 to yield 2.653%.

Initial price talk was in the Treasuries plus 90 bps to 95 area.

TD Securities (USA) LLC, Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC were the bookrunners.

The bank and financial services company is based in Toronto.

Issuer:	Toronto-Dominion Bank
Amount:	$1.5 billion
Description:	Series C senior medium-term notes
Maturity:	June 12, 2024
Bookrunners:	TD Securities (USA) LLC, Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC
Co-managers:	DBS Bank Ltd., ING Financial Markets LLC, Natixis Securities Americas LLC, Santander Investment Securities Inc., SG Americas Securities, LLC and Standard Chartered Bank
Coupon:	2.65%
Price:	99.986
Yield:	2.653%
Spread:	Treasuries plus 80 bps
Call feature:	None
Trade date:	June 5
Settlement date:	June 12
Ratings:	Moody’s: Aa3
	S&P: A
Distribution:	SEC registered
Price guidance:	Treasuries plus 90 bps to 95 bps area

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