Toronto-Dominion Bank has raised $2.5 billion in a three-part sale of senior unsecured notes, The Wall Street Journal reports. The bonds, worth $1.25 billion, which carry a coupon rate of 2.5%, will be due in 2016, while the $750 million bonds, which carry a coupon rate of 1.37%, will mature in 2014.
The remaining $500 million of three-year securities were launched at 30 basis points over the London interbank offered rate. TD Bank, Goldman Sachs, Citigroup and Morgan Stanley were the joint book-running managers on the sale.
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