TORONTO DOMINION BANK (TD) Form 6-K — Oct 30, 2026
TD Bank announced the interest rate reset on its C$1.75 billion Limited Recourse Capital Notes Series 1, setting the rate at 6.281% per annum for the five-year period from October 31, 2026 to October 31, 2031. The new rate reflects the Government of Canada Yield as of October 30, 2026 plus a 2.747% spread, up from the original 3.600% coupon. The notes, which mature in 2081, are redeemable by TD starting October 31, 2031 with regulatory approval.
Key figures
- Debt Amount
- C$1.75 billion
- Interest Rate
- 6.281% per annum (reset, from 3.600%)
- Maturity Date
- October 31, 2081
- Reset period
- October 31, 2026 to October 31, 2031
- Spread over goc yield
- 2.747%
- Redemption commencement
- October 31, 2031
AI analysis
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