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TD Bank Group issues C$850M institutional NVCC preferred share

Date Closed

April 4, 2022

Lead Office



850.00 Million CAD

On March 25, 2022, The Toronto-Dominion Bank ("TD") announced a domestic public offering of non-cumulative 5-year fixed rate reset preferred shares, series 27. On April 4, 2022, TD issued to certain institutional investors 850 thousand series 27 shares priced at C$1000 per share to raise gross proceeds of C$850 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).