TD prices SGD 350 million NVCC Tier 2 subordinated notes offering

PUBT · 1d ago
TD prices SGD 350 million NVCC Tier 2 subordinated notes offering
  • TD priced a public offering of SGD 350 million Fixed Rate Reset Callable Subordinated Notes (NVCC).
  • Notes pay 3.125% to Aug. 5, 2031; reset to 5-year SORA-OIS + 1.048% to Aug. 5, 2036 maturity.
  • Issuer call option on Aug. 5, 2031 at par, subject to Canada’s banking regulator approval.
  • Proceeds earmarked for general corporate purposes, including potential redemption of capital securities or repayment of liabilities.


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