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TD Bank issues C$1 billion of medium term notes

Fasken
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TD Securities Inc.

On November 2, 2010, The Toronto-Dominion Bank (TD) issued $1.0 billion of medium term notes constituting subordinated indebtedness. The notes were issued in Canada and sold through a dealer syndicate led by TD Securities Inc.The notes will pay a coupon of 3.367% until November 2, 2015 and the bankers' acceptance rate plus 1.25% thereafter until maturity on November 2, 2020. The notes are redeemable at par at the Bank's option, with the approval of the Office of the Superintendent of Financial Institutions Canada, on or after November 2, 2015. TD will include the issue as Tier 2B regulatory capital and filed in Canada a prospectus supplement and a pricing supplement to its October 25, 2010 short form base shelf prospectus in respect of the issue.The dealer syndicate, led by TD Securities Inc., was advised by Fasken Martineau with a team that led by Richard Steinberg and that included Rob Mason and Daniel Fuke (securities) and Mitchell Thaw (tax).

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