Bond TD Bank 0.75% ( US89114QCK22 ) in USD

Issuer TD Bank
Market price 99.475 %  ▲ 
Country  Canada
ISIN code  US89114QCK22 ( in USD )
Interest rate 0.75% per year ( payment 2 times a year)
Maturity 11/09/2025 - Bond has expired



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Minimal amount 2 000 USD
Total amount 1 000 000 000 USD
Cusip 89114QCK2
Standard & Poor's ( S&P ) rating A- ( Upper medium grade - Investment-grade )
Moody's rating A2 ( Upper medium grade - Investment-grade )
Detailed description Toronto-Dominion Bank (TD Bank) is a multinational banking and financial services corporation headquartered in Toronto, Canada, offering a wide range of financial products and services to personal and commercial customers globally.

A detailed analysis of a prominent fixed-income instrument reveals a compelling opportunity within the short-to-medium term debt market, issued by one of North America's leading financial institutions. This specific bond, identified by its ISIN US89114QCK22 and CUSIP 89114QCK2, is a U.S. Dollar-denominated offering from The Toronto-Dominion Bank, a cornerstone of the Canadian financial system. The Toronto-Dominion Bank, widely known as TD Bank Group, stands as one of Canada's largest banks by market capitalization and a significant force across the North American financial landscape. With a global presence serving over 27 million customers, TD Bank Group operates across diversified segments including retail banking, wealth management, and wholesale banking. Its strategic focus on customer-centric services, robust risk management framework, and strong capital position underpin its reputation as a financially sound and stable institution. This inherent strength and diversified revenue base make its debt instruments particularly attractive to investors prioritizing credit quality and stability in their portfolios. This particular bond issue features a coupon rate of 0.75%, with interest payments disbursed semi-annually, providing a consistent income stream for investors. Denominated in U.S. Dollars, the bond caters to a broad international investor base. The total size of the issuance is substantial, amounting to 1,000,000,000 USD, ensuring ample liquidity in the secondary market. As of recent market quotations, the bond is trading at 98.954% of its par value, indicating it is available at a slight discount to face value, which can offer a modest yield pick-up for new investors. For those considering an investment, the minimum purchase size is set at 2,000 USD nominal value. The bond's maturity date is September 11, 2025, positioning it as a relatively short-duration fixed-income asset, appealing to investors with shorter investment horizons or those seeking to manage interest rate risk. Crucially for fixed-income investors, the bond holds strong investment-grade credit ratings from two of the world's leading rating agencies. Standard & Poor's (S&P) has assigned an 'A-' rating, while Moody's rates the bond 'A2'. These ratings underscore The Toronto-Dominion Bank's excellent capacity to meet its financial obligations, signifying a low risk of default. Such high-quality ratings make this bond a favored choice for institutional and individual investors who prioritize capital preservation and consistent, reliable income within their investment strategies. In summary, this U.S. Dollar-denominated bond from The Toronto-Dominion Bank presents a compelling proposition for investors seeking a short-term, high-quality fixed-income investment, balancing attractive credit quality with a defined maturity profile.