New bond issue: Toronto-Dominion Bank issued international bonds for USD 1,750.0m maturing in 2022 with a 2.5% coupon.

January 11, 2017 - Cbonds

 

Toronto-Dominion Bank issued international bonds for USD 1,750.0m maturing in 2022 with a 2.5% coupon. Bonds were sold at a price of 99.911% with an initial yield of 2.519%. Bookrunner: Bank of Montreal, BNP Paribas, Goldman Sachs, HSBC, TD Securities.
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Issuer, issue numberToronto-Dominion Bank, 2.5% 18jan2022, USD
Type of debt instrumentInternational bonds
Issue statusoutstanding
Type of placementPublic
Par, currency of issueUSD 200,000
Amount1,750,000,000
ISINUSC8888MNS37
End of placement01/09/2017
Initial issue price99.911
Yield at pricing2.519
Coupon2.5%
Coupon frequency2 time(s) per year
Settlement date01/18/2017
Maturity date01/18/2022
Issue ManagersBookrunner: Bank of Montreal, BNP Paribas, Goldman Sachs, HSBC, TD Securities
Issuer: Toronto-Dominion Bank
Issuer profile:
The Toronto-Dominion Bank is a Canada-based bank. The Toronto-Dominion Bank and its subsidiaries are collectively known as TD Bank Group (the Bank or TD). The Bank serves approximately 20.5 million c... more
Outstanding issues:
31 issuesUSD31,080,736,000
9 issuesEUR10,250,000,000
17 issuesCAD23,000,000,000
4 issuesGBP2,150,000,000
5 issuesAUD2,135,000,000
1 issuesNZD100,000,000
Issuer rating:
Moody's Investors ServiceAa1/NegativeLT- foreign currency04/30/2015
Moody's Investors ServiceAa1/NegativeLT- local currency04/30/2015
S&P Global RatingsAA-/StableForeign Currency LT12/11/2015
S&P Global RatingsAA-/StableLocal Currency LT12/11/2015
Fitch RatingsAA-/StableLT Int. Scale (foreign curr.)10/28/2016