09:38 AM EDT, 06/05/2026 (MT Newswires) -- The Toronto-Dominion Bank ( MLWIQXX ) (TD.TO, TD) priced a Canadian public offering of C$1.25 billion of 5.918% Non-Viability Contingent Capital (NVCC) Additional Tier 1 (AT1) Limited Recourse Capital Notes Series 7 (LRCNs), it said overnight Thursday.

The LRCNs will bear interest at a rate of 5.918 per cent annually, payable quarterly, for the initial period ending on, but excluding, July 31, 2031. Thereafter, the interest rate on the LRCNs will be reset every five years based on the prevailing 5-year Government of Canada Yield plus 2.85 per cent, it said.

The LRCNs will mature on July 31, 2086. The expected closing date of the offering is June 11, 2026. TD will also issue 1.3-million Non-Cumulative 5-Year Fixed Rate Reset NVCC Preferred Shares, Series 34 to be held by Computershare Trust Company of Canada, as trustee for TD LRCN Limited Recourse Trust.

Proceeds will be used for general corporate needs.

Shares of the company were last seen down 0.6% at $157 on the Toronto Stock Exchange.

Price: 157.45, Change: -0.58, Percent Change: -0.37