TD keeps active in euro and dollar covered bonds

By Bill Thornhill
11 Jul 2019

Toronto-Dominion Bank (TD) took full advantage of strong market conditions this week to issue a $1.75bn three year dollar benchmark and a €1.25bn eight year. The two deals followed a recent Sonia-linked £1bn three year and a euro benchmark issued at the start of the year.

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

The lead managers opened order books with initial price guidance ...

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