TD Bank Prices C$1.25 Billion in AT1 Limited Recourse Capital Notes
TD sits 64% above its 52-week low of $69.56.
Summary
The Toronto-Dominion Bank announced the pricing of a C$1.25 billion offering of Additional Tier 1 Limited Recourse Capital Notes, enhancing its regulatory capital.
Key Events · Financing and Capital Events · TD
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Pricing of AT1 Notes
TD priced C$1.25 billion of 5.918% Non-Viability Contingent Capital (NVCC) Additional Tier 1 (AT1) Limited Recourse Capital Notes Series 7.
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Maturity and Interest Rate
The notes mature on July 31, 2086, and will bear interest at 5.918% annually, payable quarterly, for the initial period ending July 31, 2031. The rate will reset every five years thereafter.
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Use of Proceeds
The net proceeds from this transaction will be used for general corporate purposes.
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Regulatory Capital Enhancement
This issuance contributes to the bank's regulatory capital structure, specifically as Additional Tier 1 capital.
Analysis · TD · Finance
This offering of Additional Tier 1 (AT1) notes strengthens TD's regulatory capital position and provides funds for general corporate purposes. For a major financial institution, this is a routine but substantial capital markets activity to manage its balance sheet and meet regulatory requirements.
How filings like this one have moved
In the 30 days to Sep 14, 2026, 29.9% of the 1591 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.24%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, TD was trading at $114.00 on NYSE in the Finance sector, with a market capitalization of approximately $192.2B. The 52-week trading range was $69.56 to $114.56. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.