TD Bank Financial Group completes US$1 billion public offering of innovative Tier 1 Capital

On September 17, 2008, TD Capital Trust III, a subsidiary of The Toronto-Dominion Bank ("TDBFG"), completed a $1 billion public offering of TD Capital Trust III Securities - Series 2008 ("TD CaTS III"). The issuance of TD CaTS III constitutes Tier 1 Capital of TDBFG. The TD CaTS III was offered by a syndicate of underwriters led by TD Securities Inc. The underwriters were advised in this transaction by a team from Fasken Martineau that included Richard Steinberg and Adam Inglis (corporate/securities) and Mitchell Thaw (tax).