TORONTO, March 20,
2025 /CNW/ - The Toronto-Dominion Bank ("TD Bank
Group" or "TD") announced today that it intends to exercise its
right to redeem on April 22, 2025 (the "Redemption
Date"), all of its outstanding $3 billion 3.105% medium
term notes due April 22, 2030 (non-viability contingent
capital (NVCC)) constituting subordinated indebtedness of TD (the
"Subordinated Notes"), at a redemption price of 100 per cent of the
principal amount, plus accrued and unpaid interest to, but
excluding, the Redemption Date.
Notice will be delivered to the holders of the Subordinated
Notes in accordance with the terms thereof. Interest on the
Subordinated Notes will cease to accrue on and after the Redemption
Date. Subordinated Notes redeemed by TD Bank Group will be
cancelled and will not be reissued.
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 27.9 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., and TD
Wealth (U.S.); 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 $2.09 trillion in
assets on January 31, 2025. The Toronto-Dominion Bank trades
under the symbol "TD" on the Toronto and New York Stock
Exchanges.
SOURCE TD Bank Group
