By Cristal Cody
Prospect News, July 27 - Toronto-Dominion Bank (Aaa/AA-/DBRS: AA) priced an upsized C$1.75 billion 2.948% five-year deposit notes at par on Wednesday, an informed bond source said.
The deal was upsized from C$1.5 billion.
The notes due Aug. 2, 2016 priced at 83 basis points over the Canadian bond curve, in line with guidance.
TD Securities Inc. was the bookrunner.
The bank and financial services company is based in Toronto.
| Issuer: | Toronto-Dominion Bank
|
| Amount: | C$1.75 billion
|
| Maturity: | Aug. 2, 2016
|
| Securities: | Deposit notes
|
| Bookrunner: | TD Securities Inc.
|
| Coupon: | 2.948%
|
| Price: | Par
|
| Yield: | 2.948%
|
| Spread: | 83 bps over Canadian bond curve
|
| Pricing date: | July 27
|
| Settlement date: | Aug. 2
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AA-
|
| DBRS: AA
|
| Distribution: | Canada
|
| Price talk: | 83 bps over Canadian bond curve
|
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