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.
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