Toronto-Dominion Bank Files Prospectus for $750 Million U.S. Public Offering of Limited Recourse Capital Notes

Reuters
09/15
Toronto-<a href="https://laohu8.com/S/D">Dominion</a> Bank Files Prospectus for $750 Million U.S. Public Offering of Limited Recourse Capital Notes

Toronto-Dominion Bank $(TD)$ announced the pricing of a U.S. public offering of US$750 million in 6.350% Fixed Rate Reset Limited Recourse Capital Notes, Series 6, classified as Non-Viability Contingent Capital (NVCC). These Limited Recourse Capital Notes (LRCNs) are registered with the U.S. Securities and Exchange Commission (SEC). Concurrently, TD will issue 750,000 Non-Cumulative 6.350% Fixed Rate Reset Preferred Shares, Series 33, also designated as NVCC, to be held by Computershare Trust Company of Canada as trustee for TD LRCN Limited Recourse Trust. The proceeds from this transaction are aimed at general corporate purposes and are expected to qualify as "Additional Tier 1" capital for regulatory purposes. Joint book-running managers for the issue include TD Securities, BofA Securities, Citigroup, NatWest, and SOCIETE GENERALE. Copies of the prospectus can be obtained through the SEC's website or by contacting the involved securities firms.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. TD - Toronto-Dominion Bank published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-25-202452), on September 15, 2025, and is solely responsible for the information contained therein.

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