The investment-grade debt offering consists of two tranches

Davis Polk advised the lead managers on an SEC-registered offering by TD Bank of (i) $1.5 billion aggregate principal amount of its 4.285% senior notes due 2024 and (ii) $1.5 billion aggregate principal amount of its 4.693% senior notes due 2027, under its medium-term notes program.

TD offers a full range of financial products and services to more than 27 million customers worldwide. TD also ranks among the world’s leading online financial services firms, with more than 15 million active online and mobile customers.

The Davis Polk corporate team included partner Deanna L. Kirkpatrick, counsel Jeffrey S. Ramsay and associate Christian Knoble. The tax team included partner Lucy W. Farr and associate William Liang. Counsel Daniel E. Newman and associate Tyler X. Senackerib provided financial institutions advice. All members of the Davis Polk team are based in the New York office.