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Client Work

TD Bank completes $1 billion public offering of innovative Tier 1 capital, TD CaTS IV

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Confidential Client

On January 26, 2009, TD Capital Trust IV, a subsidiary of The Toronto-Dominion Bank ("TDBFG"), completed a public offering of $550,000,000 principal amount of 9.523% TD Capital Trust IV Notes-Series 1 due June 30, 2108 and $450,000,000 principal amount of 10.00% TD Capital Trust IV Notes-Series 2 due June 30, 2108 (collectively, the "TD CaTS IV Notes"). The TD CaTS IV Notes qualify as Tier 1 regulatory capital of TDBFG. The TD CaTS IV Notes were offered by a syndicate of underwriters led by TD Securities Inc. The underwriters were advised by a team from Fasken Martineau that included Richard Steinberg and Tina Chun (corporate/securities) and Mitchell Thaw (tax).



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