TD Banks Completes Offering

The Toronto-Dominion Bank completed an offering on February 3, 2003, under which 14 million class A first preferred shares, series M were issued for gross proceeds of $350 million. The offering was the first offering under TD Bank’s $4 billion short-form base shelf prospectus dated December 12, 2002.

TD Bank was represented in-house by Peter Aust, vice-president, capital finance; Norie Campbell, associate vice-president, legal; Rasha El Sissi, senior counsel; and Sandra Caswell, senior legal officer, corporate; assisted by McCarthy Tétrault LLP with a team that included Philip Moore, David Woollcombe, Stu Miller and Wendi Locke (corporate and securities), Judith Woods and Jerald Wortsman (tax).

TD Securities Inc. led the underwriting syndicate, which included Scotia Capital Inc., BMO Nesbitt Burns Inc., CIBC World Markets Inc., RBC Dominion Securities Inc., National Bank Financial Inc., HSBC Securities (Canada) Inc., Desjardins Securities Inc. and Trilon Securities Corporation. The underwriters were represented by Fasken Martineau DuMoulin LLP, with a team that included Richard Steinberg and Geoff Clarke (corporate and securities) and Kathleen Hanley (tax).