The investment-grade debt offering consists of three tranches

Davis Polk advised the lead managers on an SEC-registered offering by TD Bank of $1.8 billion aggregate principal amount of its 5.532% senior notes due 2026, $450 million aggregate principal amount of its floating-rate senior notes due 2026 and $1.25 billion aggregate principal amount of its 5.523% senior notes due 2028, under its medium-term notes program.

TD serves over 27.5 million customers in four key businesses operating in a number of locations in financial centers around the globe. TD also ranks among the world’s leading online financial services firms, with more than 16 million active online and mobile customers.

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