04:01 PM EST, 01/14/2025 (MT Newswires) -- The Toronto-Dominion Bank ( MLWIQXX ) (TD.TO, TD) on Tuesday afternoon announced a public offering of 750-million euros in fixed-rate reset subordinated notes.

The notes will pay a fixed interest rate of 4.03% per year until Jan. 23, 2031, and then switch to a rate based on the five-year mid-swap rate plus 1.500% until maturity on Jan. 23, 2036, the company said.

Proceeds from the offering will be used for general corporate purposes, such as redeeming capital securities or repaying other liabilities. These notes are expected to qualify as Tier 2 capital for regulatory purposes. The offering is set to close on Jan. 23, the company added.

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