TORONTO, Aug. 15, 2017 /CNW/ - The Toronto-Dominion Bank
("TD Bank Group" or "TD") announced today that its indirect
subsidiary, TD Bank, N.A., intends to exercise its right to redeem
on September 20, 2017 (the "Redemption Date"), all of its
outstanding CDN$270 million 4.644% Fixed Rate/Floating
Rate Subordinated Notes due September 20, 2022 (the "Notes"),
at a redemption price of 100 per cent of the principal amount,
together with any accrued and unpaid interest thereon up to the
Redemption Date. Notice will be delivered to the Note holders
in accordance with the Note conditions. Interest on the Notes
will cease to accrue on and after the Redemption Date.
About TD Bank Group
The Toronto-Dominion Bank and its
subsidiaries are collectively known as TD Bank Group ("TD" or the
"Bank"). TD is the sixth largest bank in North America by branches and serves more than
25 million customers in three key businesses operating in a number
of locations in financial centres around the globe: Canadian
Retail, including TD Canada Trust, TD Auto Finance Canada, TD
Wealth (Canada), TD Direct
Investing, and TD Insurance; U.S. Retail, including TD Bank,
America's Most Convenient Bank®, TD Auto Finance U.S., TD Wealth
(U.S.), and an investment in TD Ameritrade; and Wholesale Banking,
including TD Securities. TD also ranks among the world's leading
online financial services firms, with approximately 11.5 million
active online and mobile customers. TD had CDN$1.3 trillion in assets on April 30, 2017. The Toronto-Dominion Bank trades
under the symbol "TD" on the Toronto and New York Stock Exchanges.
SOURCE TD Bank Group