TD 5.700% Perpetual Corp (SGD)

Bond Factsheet

The Toronto-Dominion Bank

Indicative

Full Lot

Bid Price

103.743

Change in Bid Price

remove 0.090

Bid Yield (%)

4.273 %

Change in Bid Yield

0.032

Ask Price

104.680

Change in Ask Price

remove 0.100

Ask Yield (%)

3.926 %

Change in Ask Yield

0.035

Indicative price as of 02 Oct 2026, 4:33pm

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Bond Information

The TorontoDominion Bank conducts a general banking business through banking branches and offices located throughout Canada and overseas. The Bank and other subsidiaries offer a broad range of banking, advisory services, and discount brokerage to individuals, businesses, financial institutions, governments, and multinational corporations.

Bond Issuer

The Toronto-Dominion Bank

Guarantor

Announcement Date

02 Jul 2024

Issue Date

10 Jul 2024

Maturity Date

Perpetual

Years to Maturity / Next Call

Perpetual / 2.821

Modified Duration

2.571 @ 02 Oct 2026

Issue / Reoffer Price

100.000

Issue / Reoffer Yield

5.700

Coupon Type

Variable

Annual Coupon Rate

5.700

Coupon Frequency

Semi Annually

Seniority

Junior Subordinated

Capital Structure

Additional Tier 1

Reference Rate

Reset Date: 31 Jul 2029 and every 5 years thereafter
Reset Rate: prevailing 5-year SORA-OIS + Initial Margin (2.652%)

ISIN

XS2856714857

CUSIP

YW1294720

Bond Currency

SGD

Total Issue Size

310,000,000

Min. Investment Quantity (Nominal)

SGD 250,000

Incremental Quantity (Nominal)

SGD 250,000

Bond Type

Corporate

Bond Sector

Financials

Bond Sub Sector

Banks

Issuer Credit Rating (S&P/ Fitch)

***/ AA-

Bond Credit Rating (S&P/ Fitch)

***/ BBB+

Shariah Compliant

Exchange Listed

Bond Feature(s)

Loss Absorption

Additional Tier 1

Automatic Conversion upon a Non-Viability Trigger Event:

Upon the occurrence of a Non-Viability Trigger Event, each outstanding Note will be automatically and immediately converted, on a full and permanent basis, without the consent of the holder thereof, into that number of fully-paid Common Shares determined by the following formula: (Multiplier x Note Value) ÷ Conversion Price (rounding down, if necessary, to the nearest whole number of Common Shares), as detailed in the Preliminary Offering Memorandum

“Conversion Price” means the greater of (i) the Common Share Price and (ii) the Floor Price.“

Floor Price” means C$5.00, subject to certain limited anti-dilution adjustments as detailed in the Preliminary Offering Memorandum“

Multiplier” means 1.10.

Non-Viability Trigger Event

As defined in more detail in OSFI’s Guideline for Capital Adequacy Requirements, Chapter 2 – Definition of Capital, effective November 2018, as such term may be amended or superseded by OSFI from time to time, which term currently provides that each of the following constitutes a Non-Viability Trigger Event:

(a) the Superintendent publicly announces that the bank has been advised, in writing, that the Superintendent is of the opinion that the Bank has ceased, or is about to cease, to be viable and that, after the conversion or write-off, as applicable, of all contingent instruments (including the Notes) and taking into account any other factors or circumstances that are considered relevant or appropriate, it is reasonably likely that the viability of the Bank will be restored or maintained; or

(b) the federal or a provincial government in Canada publicly announces that the Bank has accepted or agreed to accept a capital injection, or equivalent support, from the federal government or any provincial government or political subdivision in Canada or agent or agency thereof without which the Bank would have been determined by the Superintendent to be non-viable.

Deferral Interest Payment

Interest Cancellation:

The Bank has the sole and absolute discretion at all times and for any reason to cancel any interest payment (in whole or in part) with notice to the holders of the Notes (the “Noteholders”). Any cancelled interest payments will not be cumulative. Such cancelled interest shall not accumulate or be due and payable at any time thereafter and the Noteholders and the beneficial owners of the Notes shall not have any right to or claim against the Bank with respect to such interest amount.

Restrictions on the Payment of Dividends and Retirement of Shares following Interest Cancellation:

If on any Interest Payment Date, the Bank does not pay in full the applicable interest on the Notes, the Bank will not (a) declare any dividends on its common or preferred shares, or (b) redeem, purchase, or otherwise retire any common or preferred shares, until the month commencing immediately after the Bank makes an interest payment in full on the Notes.

Issuer Call

The Bank may, at its option and with prior regulatory approval, redeem the Notes, in whole or in part, on the Interest Payment Date falling on 31 July 2029 and each Interest Payment Date thereafter, at a redemption price equal to the aggregate of (i) the principal amount of the Notes to be redeemed, and (ii) any accrued and unpaid interest up to but excluding the date of redemption (except to the extent such unpaid interest was cancelled).

First Call Date: 31 July 2029

Additional Note

Special Event Redemption:

The Notes may be redeemed in whole (but not in part) at any time on or following a Regulatory Event or a Tax Event at a redemption price equal to the aggregate of (i) the principal amount of the Notes to be redeemed, and (ii) any accrued and unpaid interest up to but excluding the date of redemption (except to the extent such unpaid interest was cancelled); provided, in regard to a redemption pursuant to a Regulatory Event, the redemption must occur within 90 days following such Regulatory Event.

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Coupon Dates	Coupon Receive	Principal Amount	Cash Flow

No Data