Toronto-Dominion Bank Issues $350 M SGD Debentures; Investor Reduces Stake

Toronto-Dominion Bank (TD) announced a public offering of Singapore‑dollar subordinated debentures worth 350 million SGD. The bonds carry a fixed 3.125% annual interest, payable semi‑annually, and will shift to a SORA‑OIS plus 1.048% rate after August 20231. They are redeemable in full on 5 August 2031 and are intended to be used for general corporate purposes, including share repurchases and debt repayment. The issuance is led by DBS Bank Ltd., OCBC and TD Securities and is not registered under U.S. securities law, so it will not be offered in the United States.

Guardian Partners Inc., a large institutional investor, trimmed its holding in TD shares by 1.8% in the first quarter, selling 13,202 shares. After the sale the firm owned 702,815 shares, valued at approximately $65.6 million, making TD its second‑largest holding, accounting for about 5.5% of its portfolio.