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.
An analysis of a recently matured debt instrument issued by The Toronto-Dominion Bank, a prominent Canadian multinational banking and financial services corporation headquartered in Toronto, provides insight into its financing activities; this specific bond, identified by ISIN US89114QLJ57 and CUSIP 89114QLJ5, was a USD-denominated instrument issued from Canada, featuring an original total issue size of USD 31,643,000 with a minimum purchase increment of USD 1,000. Notably, the bond featured a 0% interest rate, a characteristic often associated with zero-coupon instruments purchased at a discount and repaid at par, and was trading at 100% of its face value prior to its maturity on February 25, 2021; despite a listed semi-annual payment frequency, no periodic interest disbursements were applicable given its zero-coupon nature, and most importantly, this obligation has since been fully redeemed, signifying the complete repayment of principal to its bondholders and the successful conclusion of its financial lifecycle.
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US89114QLJ57 ( in USD )
