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The latest update is out from Toronto Dominion Bank ( (TSE:TD) ).
On January 27, 2025, TD Bank Group announced a domestic public offering of C$1 billion in medium-term notes, classified as non-viability contingent capital (NVCC) subordinated debentures. These notes, led by TD Securities Inc., are set to be issued on January 31, 2025, with an interest rate of 4.231% per annum until February 2030, after which it will be adjusted to Daily Compounded CORRA plus a margin until maturity in February 2035. The funds raised are intended for general corporate purposes, including redeeming outstanding capital securities and repaying other liabilities, highlighting TD’s strategic financial management efforts.
More about Toronto Dominion Bank
The Toronto-Dominion Bank, also known as TD Bank Group, is the sixth largest bank in North America by assets, with operations spanning Canadian Personal and Commercial Banking, U.S. Retail, Wealth Management and Insurance, and Wholesale Banking. It serves over 27.9 million customers globally and is recognized as a leading online financial services firm with more than 17 million active online and mobile customers. As of October 31, 2024, TD Bank had $2.06 trillion in assets and is listed on the Toronto and New York Stock Exchanges.
YTD Price Performance: 9.51%
Average Trading Volume: 2,343,669
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $99.97B
For detailed information about TD stock, go to TipRanks’ Stock Analysis page.
