TD Bank Financial Group Completes $1B Public Offering of Innovative Tier 1 Capital in January 2009

On January 26, 2009 TD Capital Trust IV, a subsidiary of The Toronto-Dominion Bank (TDBFG), completed a public offering of $550,000,000 principal amount of 9.523 per cent TD Capital Trust IV Notes-Series 1 due June 30, 2108 and $450,000,000 principal amount of 10 per cent TD Capital Trust IV Notes-Series 2 due June 30, 2108 (collectively, the TD CaTS IV Notes). The TD CaTS IV Notes qualify as Tier 1 regulatory capital of TDBFG. The TD CaTS IV Notes were offered by a syndicate of underwriters led by TD Securities Inc.

TDBFG's John van Boxmeer, vice president, treasury and balance sheet management, Peter Walker, senior manager, capital finance, Mary Genereux, manager, capital finance, Atif Islam, senior counsel, legal and Jennifer C. Lee, counsel, legal, were assisted by McCarthy Tétrault LLP's Philip Moore, Wendi Locke and Jo-Anna Brimmer (corporate/securities) and Jerald Wortsman and Mario Abrioux (tax).

The underwriters were advised by a team from Fasken Martineau DuMoulin LLP that included Richard Steinberg and Tina Chun (corporate/securities) and Mitchell Thaw (tax).