TD Bank Completes $2.25B Subordinated Debt Issue

On December 14, 2006, The Toronto-Dominion Bank completed a $2.25 billion issue of subordinated reset medium term notes, which was the largest-ever corporate finance transaction in Canada. The subordinated debt was issued pursuant to TD's medium term note program. The notes were sold through an agency syndicate led by TD Securities Inc.

TD's team was comprised of Peter Levitt, vice-president, capital finance, John van Boxmeer, associate vice-president, capital finance, Rasha El Sissi, associate vice-president, legal and Jennifer Soward, senior counsel, assisted by McCarthy T├ętrault LLP, with a team comprised of Philip Moore, Wendi Locke, Tim Stewart (corporate) and Jerald Wortsman and Mario Abrioux (tax). The agency syndicate was represented by Fasken Martineau LLP, with a team comprised of Richard Steinberg and Daniel Rankin (corporate) and Mitchell Thaw (tax).


Philip C. Moore Daniel Rankin Mitchell L. Thaw Mario Abrioux Timothy Stewart Richard J. Steinberg Jerald M. Wortsman Wendi A. Locke