TD Bank Establishes US$3B Paper Programme

The Toronto-Dominion Bank (TD Bank) and its Australian subsidiary, Toronto Dominion Australia Limited (TDAL), signed a dealer agreement on May 30, 2002 with Barclays Bank PLC, Citibank International plc, Deutsche Bank AG London and TD Bank (acting through its London branch and Australia branch (Sydney office)), establishing a US$3 billion euro commercial paper programme. The ECP programme was arranged by Deutsche Bank AG London and provides for the issuance of notes by either TD Bank and TDAL, with TDAL’s notes being unconditionally guaranteed by TD Bank. Notes under the ECP programme will be issued in global form under Australian law and cleared through either the Euroclear System or Clearstream Banking, société anonyme. The ECP programme has been rated A-1+ by Standard & Poor’s.
Ian Arellano and Stu Miller (securities) and Gabrielle Richards (tax) of McCarthy Tétrault LLP acted for TD Bank. Ralph Ayling and Neroli Butt of Minter Ellison in Sydney acted for TDAL and TD Bank’s Australia branch. The arranger and the dealers were represented by Stephen Miller and Ben Pugh of Allen & Overy in London.


Gabrielle M.R. Richards Stephen Miller Stuart M. Miller Ralph Ayling Ben Pugh Ian W. Arellano Neroli Butt


McCarthy Tétrault LLP Minter Ellison Allen & Overy