TD Bank Financial Group Completes $1B Public Offering of Innovative Tier 1 Capital in September 2008

On September 17, 2008, TD Capital Trust III, a subsidiary of The Toronto-Dominion Bank (TDBFG), completed a $1 billion public offering of TD Capital Trust III Securities – Series 2008 (TD CaTS III). The issuance of TD CaTS III constitutes Tier 1 Capital of TDBFG. The TD CaTS III 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 and Jennifer Soward, senior counsel, legal were assisted by McCarthy Tétrault LLP's Philip Moore, Wendi Locke and Jo-Anna Brimmer (corporate/securities) and Jerald Wortsman and James G. Morand (tax).

The underwriters were advised in this transaction by a team from Fasken Martineau DuMoulin LLP that included Richard Steinberg and Adam Inglis (corporate/securities) and Mitchell Thaw (tax).