By Cristal Cody
Tupelo, Miss., Jan. 22 – Toronto-Dominion Bank priced $1 billion of three-year floating-rate senior medium-term notes (Aa3/AA-/AA-) at SOFR plus 48 basis points on Wednesday, according to a market source.
Initial talk was in the SOFR plus low 60 bps area.
Bookrunners were TD Securities (USA) LLC, J.P. Morgan Securities LLC, BNP Paribas Securities Corp. and Deutsche Bank Securities Inc.
The bank and financial services company is based in Toronto.
| Issuer: | Toronto-Dominion Bank
|
| Amount: | $1 billion
|
| Description: | Series C floating-rate senior medium-term notes
|
| Maturity: | Jan. 27, 2023
|
| Bookrunners: | TD Securities (USA) LLC, J.P. Morgan Securities LLC, BNP Paribas Securities Corp. and Deutsche Bank Securities Inc.
|
| Coupon: | SOFR plus 48 bps
|
| Call feature: | None
|
| Pricing date: | Jan. 22
|
| Ratings: | Moody’s: Aa3
|
| S&P: AA-
|
| Fitch: AA-
|
| Distribution: | SEC registered
|
| Price guidance: | SOFR plus low 60 bps area
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
