/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE
SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES/
TORONTO, April 2, 2024 /CNW/ - The Toronto-Dominion Bank
("TD" or the "Bank") today announced a domestic public offering of
$1.75 billion of medium term notes
(non-viability contingent capital (NVCC)) constituting subordinated
indebtedness of the Bank (the "Notes"). The Notes will be
issued and sold through a dealer syndicate led by TD Securities
Inc.
The Notes are expected to be issued on April 9, 2024 and will bear interest at a fixed
rate of 5.177% per annum (paid semi-annually) until April 9, 2029, and at Daily Compounded CORRA plus
1.53% thereafter (paid quarterly) until maturity on April 9, 2034.
The Bank may, at its option, with the prior approval of the
Superintendent of Financial Institutions (Canada), redeem the Notes on or after
April 9, 2029, in whole or in part,
at par plus accrued and unpaid interest on not more than 60 nor
less than 10 days' notice to holders. Net proceeds from the
issuance of the Notes will be used for general corporate
purposes.
The Notes have not been and will not be registered under the
U.S. Securities Act of 1933, as amended, and may not be offered or
sold in the United States absent
registration or an applicable exemption from registration
requirements. This press release shall not constitute an offer to
sell securities in the United
States.
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 assets and serves
over 27.5 million customers in four key businesses operating in a
number of locations in financial centres around the globe: Canadian
Personal and Commercial Banking, including TD Canada Trust and
TD Auto Finance Canada; U.S. Retail, including TD Bank, America's
Most Convenient Bank®, TD Auto Finance U.S., TD
Wealth (U.S.), and an investment in The Charles Schwab Corporation;
Wealth Management and Insurance, including TD Wealth (Canada), TD Direct Investing, and TD
Insurance; and Wholesale Banking, including TD Securities and TD
Cowen. TD also ranks among the world's leading online financial
services firms, with more than 17 million active online and mobile
customers. TD had $1.91 trillion in assets
on January 31, 2024. The Toronto-Dominion Bank trades under
the symbol "TD" on the Toronto and New York Stock
Exchanges.
SOURCE TD Bank Group