/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE
SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES/
TORONTO, March 5, 2018 /CNW/ - The Toronto-Dominion
Bank ("TD Bank Group" or "TD") today announced that as a result of
strong investor demand for its previously announced domestic public
offering of Non-Cumulative 5-Year Rate Reset Preferred Shares
(non-viability contingent capital (NVCC)), Series 18 (the "Series
18 Shares"), the size of the offering has been increased to 14
million Series 18 Shares. The gross proceeds of the offering
will now be $350 million. The
offering will be underwritten by a group of underwriters led by TD
Securities Inc.
The expected closing date is March
14, 2018. TD will make an application to list the
Series 18 Shares as of the closing date on the Toronto
Stock Exchange. The net proceeds of the offering will be used
for general corporate purposes.
The Series 18 Shares 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
the 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 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 12 million
active online and mobile customers. TD had CDN$1.3 trillion in assets on January 31, 2018. The Toronto-Dominion Bank
trades under the symbol "TD" on the Toronto and New York Stock Exchanges.
SOURCE TD Bank Group