NEW YORK, Oct 27 (Reuters) - The Toronto-Dominion Bank sold $1 billion ($971 million) of medium term notes on Wednesday, according to a term sheet seen by Reuters.
The notes are due Nov. 2, 2020. They have an initial coupon rate of 3.367 percent and were priced at par to yield 130.4 basis points over the Canadian government benchmark.
After five years, they will become floating-rate notes.
The issue is Basel III compliant.
The investment dealer arm of Toronto-Dominion Bank was the lead manager of the sale.
($1=C$1.03)
(Reporting by Pam Niimi) Keywords: TORONTODOMINION DEBT/SALE (pam.niimi@thomsonreuters.com; +1 646 223 6321; Reuters Messaging: pam.niimi.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
The notes are due Nov. 2, 2020. They have an initial coupon rate of 3.367 percent and were priced at par to yield 130.4 basis points over the Canadian government benchmark.
After five years, they will become floating-rate notes.
The issue is Basel III compliant.
The investment dealer arm of Toronto-Dominion Bank was the lead manager of the sale.
($1=C$1.03)
(Reporting by Pam Niimi) Keywords: TORONTODOMINION DEBT/SALE (pam.niimi@thomsonreuters.com; +1 646 223 6321; Reuters Messaging: pam.niimi.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.