Transactions & Cases Detail



Transaction/Case Details

TD completes largest issuance of preferred shares by any Canadian bank

DATE CLOSED

September 8, 2016

BUSINESS SECTOR

Financial Services

LEAD OFFICE

Toronto

VALUE

1 Billion CAD


OVERVIEW

On September 8, 2016, The Toronto-Dominion Bank completed the public offering of Non-Cumulative 5-Year Rate Reset Preferred Shares Series 14 for a total value of C$1 billion. The offering was underwritten by a group of underwriters led by TD Securities Inc. This is the largest issuance of preferential shares by any Canadian bank.

McCarthy Tétrault represented The Toronto Dominion bank with a deal team consisting of Wendi Locke, Ryan Hornby and Gabrielle Richards.

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