The Toronto-Dominion Bank completes a US$1.75 billion offering of Fixed Rate Reset Limited Recourse Capital Notes Series 3 (NVCC)

On October 17, 2022, the Toronto-Dominion Bank (the "Bank") completed a U.S. public offering of US$1.75 billion 8.125% Fixed Rate Reset Limited Recourse Capital Notes, Series 3 (Non-Viability Contingent Capital). Concurrently, the Bank issued 1,750,000 Non-Cumulative 8.125% Fixed Rate Reset Preferred Shares, Series 30, held by Computershare Trust Company of Canada, as trustee for TD LRCN Limited Recourse Trust.

Fasken advised TD Securities Inc., one of the joint book-running managers, in connection with the offering, with a team comprised of Richard Steinberg and Allison Marks.