LONDON - The Toronto-Dominion Bank (TSX:TD) has initiated a pre-stabilization period, it was announced today, with potential market activities to support the price of its upcoming securities offering. As the Stabilisation Coordinator, the bank disclosed that the Stabilisation Manager(s) may engage in transactions to stabilize the offering of a new series of securities.
The securities in question are EUR Fixed Rate Reset Subordinated Notes due 2036, with the aggregate nominal amount set at a EUR benchmark, though the offer price is yet to be confirmed. The stabilization period commenced on the date of the announcement and is expected to end by 24 February 2025, which is 30 days post the proposed issue date of the securities.
The stabilization actions, which may include over-allotment or transactions to support the market price of the securities at a level higher than what might otherwise prevail, will be carried out by The Toronto-Dominion Bank as Stabilisation Coordinator along with Barclays (LON:BARC) Bank PLC, Deutsche Bank AG (NYSE:DB), London Branch, Commerzbank (ETR:CBKG) Aktiengesellschaft, and NATIXIS as Stabilisation Managers.
These activities will take place over the counter (OTC) and are subject to the condition that any stabilization action or over-allotment must be conducted in compliance with all applicable laws and rules. It is important to note that stabilization may not necessarily occur and can be halted at any time.
The announcement clarifies that the information is solely for those outside the United Kingdom (TADAWUL:4280) or those within the UK who have professional experience in investment matters or are high net worth individuals, as defined by the Financial Services and Markets Act 2000.
Furthermore, the offer of the securities is addressed only to qualified investors in the European Economic Area and the United Kingdom, in accordance with the Prospectus Regulation and the UK Prospectus Regulation, respectively. It is stated that the securities have not been and will not be registered under the United States Securities Act of 1933 and, therefore, cannot be offered or sold in the United States absent registration or an applicable exemption.
This announcement is based on a press release statement and is intended for informational purposes only, not constituting an offer to underwrite, subscribe for, or acquire any securities of the Issuer in any jurisdiction.
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