TD doubles covered bond yield to CIBC as yields rise

By Bill Thornhill
10 Jul 2019

Toronto-Dominion Bank (TD) returned to the covered bond market for the second time this week following its dollar benchmark and, thanks to a late rise in yields, the eight year deal offered more than twice the return of CIBC's eight year issued a week ago.

TD mandated joint leads Banca IMI, Danske Bank, DZ Bank, Natixis, TD Securities and UniCredit on Wednesday for the July 2027 euro covered bond, rated Aaa/AAA by Moody’s and DBRS

The lead managers  simultaneously opened order books with initial price guidance of 13bp area over ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access:

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: or find out more online here.