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TD Securities Inc. leads a C$750 million NVCC Additional Tier 1 Limited Recourse Capital Notes Series 5 offering by the Toronto-Dominion Bank

Fasken
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Overview

Client

TD Securities Inc.

On December 18, 2024, the Toronto-Dominion Bank completed a public offering of C$750 million of 5.909% Non-Viability Contingent Capital (NVCC) Additional Tier 1 Limited Recourse Capital Notes Series 5 and issuance of 750,000 Non-Cumulative 5-Year Fixed Rate Reset NVCC Preferred Shares Series 32.

This offering was pursuant to a short form base shelf prospectus dated March 1, 2023, supplemented by a prospectus supplement dated December 12, 2024.

Fasken advised TD Securities Inc., which acted as lead agent in connection with the offering with a team comprised of Richard Steinberg and Allison Marks, including ZiChen Gao.

Jurisdiction

  • Canada

Team

  • Richard J. Steinberg, Partner, Toronto, ON, +1 416 865 5443, rsteinberg@fasken.com
  • Allison Marks, Partner, Toronto, ON, +1 416 868 7525, amarks@fasken.com
  • ZiChen Gao, Associate, Toronto, ON, +1 416 868 3346, zgao@fasken.com