Toronto Dominion Bank (TSE:TD) has released an update.
Toronto-Dominion Bank is set to offer $1.75 billion in medium-term NVCC subordinated debentures, with a fixed interest rate of 5.177% until April 2029, and a variable rate thereafter until the maturity date in April 2034. The funds raised from this public offering, which is managed by a dealer syndicate led by TD Securities Inc., are earmarked for general corporate purposes. This offering is strictly for the Canadian market, as the debentures will not be registered in the United States and are not being offered in the U.S. market.
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