TD Bank to Redeem $1.5B 3.625% Subordinated Notes

The Toronto-Dominion Bank plans to redeem all of its outstanding US$1.5 billion 3.625% Non-Viability Contingent Capital Subordinated Notes due 2031.

Rhea-AI Filing Summary

The Toronto-Dominion Bank plans to redeem all of its outstanding US$1.5 billion 3.625% Non-Viability Contingent Capital Subordinated Notes due 2031. The bank intends to exercise its redemption right on September 15, 2026 at par plus accrued and unpaid interest to, but excluding, the redemption date. Interest on these subordinated notes will cease to accrue on and after that date, and all redeemed notes will be cancelled and not reissued. TD Bank Group reports it had $2.1 trillion in assets on April 30, 2026, serves 28.1 million clients across four major business segments, and has more than 13 million active mobile users in Canada and the U.S.

Key Figures

Subordinated Notes Principal: US$1.5 billion Coupon Rate: 3.625% Redemption Date: September 15, 2026 +3 more

6 metrics

Subordinated Notes Principal US$1.5 billion Outstanding 3.625% Non-Viability Contingent Capital Subordinated Notes due 2031 to be redeemed

Coupon Rate 3.625% Interest rate on the Non-Viability Contingent Capital Subordinated Notes due 2031

Redemption Date September 15, 2026 Date on which TD intends to redeem all outstanding subordinated notes

Total Assets $2.1 trillion TD assets as of April 30, 2026

Clients Served 28.1 million Number of clients served across TD Bank Group businesses

Active Mobile Users more than 13 million Active mobile users in Canada and the U.S.

Key Terms

Non-Viability Contingent Capital, Subordinated Notes, redemption price of par, accrued and unpaid interest, +1 more

5 terms

Non-Viability Contingent Capital financial

"US$1.5 billion 3.625% Non-Viability Contingent Capital Subordinated Notes due 2031"

Subordinated Notes financial

"all of its outstanding US$1.5 billion 3.625% Non-Viability Contingent Capital Subordinated Notes"

Subordinated notes are loans companies issue that rank below other debts for repayment, meaning holders get paid only after higher-priority creditors if the issuer runs into trouble. Because they act like being farther back in line at a buffet, they usually offer higher interest to compensate for greater risk, so investors watch them for potential higher returns but also increased chance of loss and sensitivity to the issuer’s financial health.

redemption price of par financial

"at a redemption price of par, plus accrued and unpaid interest"

Redemption price of par is the amount a bondholder receives when a bond is repaid equal to its original face value, not more or less. Think of it like a lender being paid back exactly the same amount they lent, so investors know whether they will get a premium or a loss relative to what they paid; it directly affects expected cash flow, returns and comparisons with market price.

accrued and unpaid interest financial

"par, plus accrued and unpaid interest to, but excluding, the Redemption Date"

Accrued and unpaid interest is the interest that has built up on a loan or debt but hasn't been paid yet. It's like owing your friend money for a favor over time—you're expected to pay it later, even though you haven't paid it yet. This matters because it shows how much you owe beyond the original amount borrowed.

Foreign private issuer regulatory

"FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER Pursuant to Rule 13a-16"

A foreign private issuer is a company organized outside the United States that meets tests showing it is primarily foreign-controlled and therefore qualifies for a different set of U.S. reporting rules. For investors, that means the company files less frequent or differently formatted disclosures with U.S. regulators and may follow home-country accounting and governance practices, so buying its stock is like dining at a well-reviewed restaurant that follows its home kitchen’s rules instead of the local menu — you get access but should check what standards apply.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did TD (TD) announce regarding its 3.625% subordinated notes?

TD announced it intends to redeem all outstanding US$1.5 billion 3.625% Non-Viability Contingent Capital Subordinated Notes due 2031 on September 15, 2026, at par plus accrued and unpaid interest to, but excluding, the redemption date.

What is the redemption price for TD (TD) 3.625% subordinated notes?

The notes will be redeemed at a redemption price of par, plus accrued and unpaid interest to, but excluding, September 15, 2026. After that date, interest on the subordinated notes will cease to accrue for investors.

What happens to TD (TD) subordinated notes after redemption?

All redeemed subordinated notes will be cancelled and not reissued. Interest will stop accruing on and after September 15, 2026. Notice of redemption will be delivered to holders according to the terms governing the notes.

How large is TD (TD) relative to this US$1.5 billion note issue?

TD reported $2.1 trillion in assets as of April 30, 2026, compared with the US$1.5 billion size of the subordinated notes being redeemed. The bank also serves 28.1 million clients globally across four core business segments.

What type of security is TD (TD) redeeming on September 15, 2026?

TD is redeeming 3.625% Non-Viability Contingent Capital Subordinated Notes due 2031. These are subordinated debt instruments designed to convert or absorb losses under specified non-viability conditions under regulatory capital rules.

How many clients and digital users does TD (TD) have?

TD serves 28.1 million clients across Canadian and U.S. banking, wealth, insurance, and wholesale businesses. It also ranks among leading digital banks in North America, with more than 13 million active mobile users in Canada and the United States.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 08/12/2026 - 06:08 AM Accepted by SEC EDGAR 08/11/2026 - 08:26 PM Learn about SEC filing dates

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

Pursuant to Rule 13a-16 or 15d-16 of

the Securities Exchange Act of 1934

For the month of August, 2026 Commission File Number:  001-14446

The Toronto-Dominion Bank

(Translation of registrant's name into English)

c/o General Counsel’s Office

P.O. Box 1, Toronto Dominion Centre,

Toronto, Ontario, M5K 1A2

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

Form 20-F _________ Form 40-F          √         

This Form 6-K is incorporated by reference into all outstanding Registration Statements of The Toronto-Dominion Bank filed with the U.S. Securities and Exchange Commission.

EXHIBIT INDEX

Exhibit		Description
99.1		Press Release dated August 11, 2026 - TD Bank Announces Redemption of 3.625% Non-Viability Contingent Capital Subordinated Notes

FORM 6-K

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	THE TORONTO-DOMINION BANK
DATE: August 11, 2026	By:	/s/ Sue-Anne Fox
		Name:	Sue-Anne Fox
		Title:	Associate Vice President, Legal, Treasury and Corporate Securities

 EXHIBIT 99.1

TD Bank Announces Redemption of

3.625% Non-Viability Contingent Capital Subordinated Notes

TORONTO, August 11, 2026 /CNW/ - The Toronto-Dominion Bank (“TD” or the “Bank”) announced today that it intends to exercise its right to redeem on September 15, 2026 (the “Redemption Date”) all of its outstanding US$1.5 billion 3.625% Non-Viability Contingent Capital Subordinated Notes due 2031 (the “Subordinated Notes”), at a redemption price of par, plus accrued and unpaid interest to, but excluding, the Redemption Date.

Notice will be delivered to the holders of the Subordinated Notes in accordance with the terms thereof. Interest on the Subordinated Notes will cease to accrue on and after the Redemption Date. Subordinated Notes redeemed by the Bank will be cancelled and will not be reissued.

About TD Bank Group

The Toronto-Dominion Bank and its subsidiaries are collectively known as TD Bank Group. TD is the sixth largest bank in North America by assets and serves 28.1 million clients in four key businesses operating in a number of locations in financial centres around the globe: Canadian Personal and Commercial Banking, including TD Canada Trust and TD Auto Finance Canada; U.S. Banking, including TD Auto Finance U.S., and TD Wealth (U.S.); Wealth Management and Insurance, including TD Wealth (Canada), TD Direct Investing, and TD Insurance; and Wholesale Banking, including TD Securities and TD Cowen. TD also ranks among North America's leading digital banks, with more than 13 million active mobile users in Canada and the U.S. TD had $2.1 trillion in assets on April 30, 2026. The Toronto-Dominion Bank trades under the symbol “TD” on the Toronto Stock Exchange and New York Stock Exchange.

For further information contact:

Brooke Hales, Senior Vice President, Investor Relations, 416-307-8647, Brooke.Hales@td.com; Gabrielle Sukman, Senior Manager, Corporate and Public Affairs, 416-983-1854, Gabrielle.Sukman@td.com

Filing Exhibits & Attachments

1 document

Press Releases

• EX-991 PRESS RELEASE DATED AUGUST 11, 2026 3.1 KB