TD Bank to redeem US$1.5 billion of 3.625% subordinated notes

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Summary · why it matters

The Toronto-Dominion Bank announced it will redeem all of its outstanding US$1.5 billion 3.625% Non-Viability Contingent Capital Subordinated Notes due 2031 on September 15, 2026. The redemption price is par plus accrued and unpaid interest to but excluding the redemption date. Interest on the notes will cease to accrue after that date, and redeemed notes will be cancelled.

Impact on assets 1

Financials▼ · 1 stocks
Toronto Dominion Bank
TD
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TD Bank redeems $1.5B subordinated notes, reducing its capital but fulfilling obligations.

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