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TD Bank Group issues C$800M institutional NVCC preferred shares

Date Closed

July 25, 2022

Lead Office



800.00 Million CAD

On July 18, 2022, The Toronto-Dominion Bank ("TD") announced a domestic public offering of non-cumulative 5-year fixed rate reset preferred shares, series 28. On July 25, 2022, TD issued to certain institutional investors 800 thousand series 28 shares priced at  C$1,000 per share to raise gross proceeds of C$800 million.

McCarthy Tétrault advised TD with a team led by Wendi Locke, that included Jo-Anna Brimmer, Samantha Pettinato, Lama Kahiel (Business Law), Gabrielle Richards, Jeff Oldewening (Tax), and Sharon Kretchmar (Securities Law Clerk).