TD Bank Raises $2.5B Via Debt Issue

Toronto-Dominion Bank has raised $2.5 billion through a sale of senior unsecured floating-rate notes.

Toronto-Dominion Bank has raised $2.5 billion through a sale of senior unsecured floating-rate notes, Reuters reports. Goldman Sachs and TD Bank served as the joint bookrunners for the transaction.

The notes are scheduled to mature on July 26, 2013. The Toronto-based lender intends to use the net proceeds from the offering for general corporate purposes, adds Fox Business. 
 
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