TD prices SGD 350 million NVCC Tier 2 subordinated notes offering
TD•Call option and use of proceeds
The issuer has a call option on Aug. 5, 2031 at par, subject to Canada’s banking regulator approval.
Proceeds are earmarked for general corporate purposes, including potential redemption of capital securities or repayment of liabilities.
TD prices SGD 350 million subordinated notes
TD priced a public offering of SGD 350 million Fixed Rate Reset Callable Subordinated Notes (NVCC).
The notes pay 3.125% to Aug. 5, 2031; reset to 5-year SORA-OIS + 1.048% to Aug. 5, 2036 maturity.
