TD Bank Group Announces $1.75B Domestic Public Offering of NVCC Subordinated Debentures
Wednesday, 3 April 2024, 10:39
TD Bank Group Offering NVCC Subordinated Debentures
TD Bank has announced a $1.75B domestic public offering of medium-term notes. The debentures come with a fixed interest rate until 2029, transitioning to a variable rate thereafter.
Key Points:
- Medium-Term Notes: $1.75B offering
- Interest Rate: Fixed until 2029, variable thereafter
This strategic financial move aims to enhance TD Bank Group's funding diversity and capitalize on prevailing market conditions.
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