On December 14, 2006, The Toronto-Dominion Bank announced that it had completed a $2.25 billion issue of subordinated reset medium term notes, representing the largest ever corporate finance transaction in Canada. The subordinated debt was issued pursuant to its medium term note program. The notes were sold through an agency syndicate led by TD Securities Inc. Fasken Martineau represented the syndicate with a team comprised of Richard Steinberg, Dan Rankin and Mitchell Thaw (tax).