TD Bank Completes $1 Billion Green Bond Offering
09.13.17
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The Firm represented The Toronto-Dominion Bank (“TD”) in its offering of $1 billion of its 1.85% Senior Medium-Term Notes, Series A, due 2020. The offering marks TD’s first “green bond” offering in the U.S. An amount equal to the net proceeds from the offering is used to fund the financing or refinancing of eligible green projects, where the use of such funds supports the transition to a low carbon economy. The offering closed on September 12, 2017.
TD is the sixth largest bank in North America by branches and serves approximately 25 million customers in three key businesses: Canadian Retail, U.S. Retail and Wholesale Banking.
The Simpson Thacher team included Andy Keller, John O’Connell, Clark Warthen and Dennis Durkin (Capital Markets); and Jonathan Cantor and Andrew Purcell (Tax).