Toronto-Dominion Bank selling US$3.2 billion in bonds

Toronto-Dominion previously tapped the United States debt capital markets in May, pricing a US$2 billion bond offering across three parts. Photo by Joe Raedle/Getty Images/Postmedia files

Toronto-Dominion Bank has launched a sale of US$3.2 billion in bonds across four parts, according to a person with knowledge of the offering.

The Canadian lender is selling a US$1 billion three-year fixed-rate note and a US$500 million floating-rate tranche, as well as a US$450 million reopening of its 4.808 per cent 2030 securities.

The longest tranche is comprised of US$1.25 billion of 10-year fixed-rate notes, launched at 0.77 percentage point above Treasuries — about 0.28 percentage point tighter than initial price talk of 1.05 points, according to a person familiar with the matter.

Toronto