Bank investors drawn to TD’s Aussie dollar covered bond first

By Bill Thornhill
03 Apr 2020

Toronto-Dominion Bank launched the first Australian dollar covered bond of the year on Thursday night, issuing in good size at a similar spread to where it recently issued its dollar covered bond.

TD Bank issued a A$1.25bn April 2023 with demand of A$1.5bn at a re-offer spread of 125bp over three month BBSW through joint leads ANZ, Commonwealth Bank of Australia, National Australia Bank, TD and Westpac Banking Corporation.

The is the first Aussie dollar covered bond since DBS ...

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