07:31 AM EDT, 06/21/2024 (MT Newswires) -- The Toronto-Dominion Bank ( MLWIQXX ) (TD.TO, TD) says it will redeem its outstanding $1.5 billion 3.224% medium term notes on July 25. The non-viability contingent capital (NVCC) notes are due July 25, 2029.

TD will redeem the notes at a redemption price of 100% of the principal amount, plus accrued and unpaid interest.

The bank may also amend the terms of the $1.25 billion, 4.859% subordinated notes to reflect the replacement of the Canadian Dollar Offered Rate (CDOR) as the basis for determining the Notes' floating interest rate. The notes are due March 4, 2031.