Toronto Dominion Bank Announced That It Intends To Issue A S$60M Second Tranche Of Its Fixed Rate Reset Perpetual Subordinated Additional Tier 1 Capital Notes, Series 2023-9 Non-viability Contingent Capital
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Toronto Dominion Bank (TD) announced its intention to issue a S$60M second tranche of its Fixed Rate Reset Perpetual Subordinated Additional Tier 1 Capital Notes, Series 2023-9 Non-viability Contingent Capital.
July 05, 2024 | 3:01 pm
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Toronto Dominion Bank (TD) announced its intention to issue a S$60M second tranche of its Fixed Rate Reset Perpetual Subordinated Additional Tier 1 Capital Notes, Series 2023-9 Non-viability Contingent Capital. This move is likely aimed at strengthening its capital base.
Issuing additional capital notes can be seen as a positive move to strengthen the bank's capital base, which may improve investor confidence in the short term. However, the impact on stock price will depend on market perception of the bank's overall financial health and strategy.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100