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TD Bank issues C$2.5 billion of medium term notes

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TD Securities Inc.

On November 1, 2007, The Toronto-Dominion Bank (TD) issued $2.5 billion of medium term notes constituting subordinated indebtedness pursuant to its medium term note program. The medium term notes were sold through an agency syndicate led by TD Securities Inc., and will pay a coupon of 5.382% until November 1, 2012 and the bankers' acceptance rate plus 1.00% thereafter until maturity on November 1, 2017. The notes are redeemable at the Bank's option at par on November 1, 2012. TD will include the issue as Tier 2B regulatory capital and a pricing supplement to its January 11, 2007 base shelf prospectus and July 12, 2007 prospectus supplement in respect of this issue was filed in Canada. The agency syndicate led by TD Securities was advised by Fasken Martineau with a team that included Richard Steinberg and Adam Inglis (corporate/securities) and Mitchell Thaw (tax).



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