/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE
SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES/
TORONTO, July 18, 2017 /CNW/ - The Toronto-Dominion
Bank ("TD" or the "Bank") today announced a domestic public
offering of $1.5 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 July 25, 2017 and will bear interest at a fixed
rate of 3.224% per annum (paid semi-annually) until July 25, 2024, and at the three-month bankers'
acceptance rate plus 1.25% thereafter (paid quarterly) until
maturity on July 25, 2029.
The Bank may, at its option, with the prior approval of the
Superintendent of Financial Institutions (Canada), redeem the Notes on or after
July 25, 2024, in whole or in part,
at par plus accrued and unpaid interest on not more than 60 nor
less than 30 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 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