/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE
SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES/
TORONTO, June 18, 2019 /CNW/ - The Toronto-Dominion
Bank ("TD" or the "Bank") today announced a domestic public
offering of $1.75 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 June 25, 2019 and will bear interest at a fixed
rate of 3.06% per annum (paid semi-annually) until January 26, 2027, and at the three-month bankers'
acceptance rate plus 1.33% thereafter (paid quarterly) until
maturity on January 26, 2032.
The Bank may, at its option, with the prior approval of the
Superintendent of Financial Institutions (Canada), redeem the Notes on or after
January 26, 2027, 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 26
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 13 million active
online and mobile customers. TD had $1.4 trillion in assets on
April 30, 2019. The Toronto-Dominion Bank trades under
the symbol "TD" on the Toronto and
New York Stock Exchanges.
SOURCE TD Investor Relations