TD Bank to redeem $1.25B 4.859% NVCC notes
The Toronto-Dominion Bank plans to redeem all of its outstanding $1.25 billion 4.859% medium term notes on March 4, 2026.
Rhea-AI Filing Summary
The Toronto-Dominion Bank plans to redeem all of its outstanding $1.25 billion 4.859% medium term notes on March 4, 2026. These subordinated non-viability contingent capital (NVCC) notes were originally due March 4, 2031, and will be redeemed at 100% of their principal amount, plus accrued and unpaid interest up to, but excluding, the redemption date.
After the redemption date, interest on these subordinated notes will stop accruing, and any notes repurchased will be cancelled and not reissued. TD Bank Group describes itself as the sixth-largest bank in North America by assets, with $2.1 trillion in assets as of October 31, 2025.
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FAQ
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What did TD (TD) announce in this Form 6-K?
What are the key terms of the TD (TD) subordinated notes being redeemed?
At what price will TD (TD) redeem the 4.859% NVCC subordinated notes?
What happens to interest on TD’s (TD) subordinated notes after the redemption date?
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AI-generated analysis. How Rhea-AI works. Not financial advice.