On July 3, 2024, the Toronto-Dominion Bank (the "Bank") completed a U.S. public offering of US$750 million 7.250% Fixed Rate Reset Limited Recourse Capital Notes, Series 4 (Non-Viability Contingent Capital) (the “LCRNs”). Concurrently, with the issuance of the LRCNs, the Bank issued 750,000 Non-Cumulative 7.250% Fixed Rate Reset Preferred Shares, Series 31 (Non-Viability Contingent Capital) 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.
Jurisdictions
- Ontario
- United States
