Financing ·
TD resets interest rate on C$1.75B NVCC notes to 6.281% for five-year period starting Oct 31
TDToronto Dominion Bank
The Toronto-Dominion Bank announced the reset of the interest rate on its C$1.75 billion of Limited Recourse Capital Notes, Series 1 (NVCC). For the five-year period commencing October 31, 2026, and ending October 31, 2031, the annual interest rate will be 6.281%, calculated as the Government of Canada Yield plus a spread of 2.747%. Interest remains payable semi-annually on April 30 and October 31, with the next payment due April 30, 2027. The notes mature on October 31, 2081, and are redeemable by TD starting October 31, 2031. The Toronto-Dominion Bank is a major North American financial institution providing personal, commercial, wealth management, and wholesale banking services.