The investment-grade debt offering consists of four tranches

Davis Polk advised the lead managers on an SEC-registered offering by TD Bank of (i) $1.65 billion aggregate principal amount of its 3.766% senior notes due 2025, (ii) $350 million aggregate principal amount of its floating-rate senior notes due 2025, (iii) $1.5 billion aggregate principal amount of its 4.108% senior notes due 2027 and (iv) $2 billion aggregate principal amount of its 4.456% senior notes due 2032, under its medium-term notes program.

TD serves over 26 million customers in three 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 15 million active online and mobile customers.

The Davis Polk corporate team included partner Deanna L. Kirkpatrick, counsel Jeffrey S. Ramsay and associates Christian Knoble and Marisa Rametta. 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.