/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED
STATES/
TORONTO,
June 18, 2015 /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 will
qualify as Tier 2 capital of the Bank.
The Notes are expected to be issued on June 24, 2015 and will bear interest at a fixed
rate of 2.692% per annum (paid semi-annually) until June 24, 2020, and at the three-month bankers'
acceptance rate plus 1.21% thereafter (paid quarterly) until
maturity on June 24, 2025.
The Bank may, at its option, with the prior approval of the
Superintendent of Financial Institutions (Canada), redeem the Notes on or after
June 24, 2020, 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 24 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 10 million active
online and mobile customers. TD had CDN$1
trillion in assets on April 30,
2015. The Toronto-Dominion Bank trades under the symbol "TD"
on the Toronto and New York Stock
Exchanges.
SOURCE TD Bank Group