TD Bank to Issue Medium Term Notes



    TORONTO, June 25 /CNW/ - The Toronto-Dominion Bank (TD) today announced
that it intends to issue $650 million of medium term notes constituting
subordinated indebtedness pursuant to its medium term note program. The medium
term notes, to be sold through an agency syndicate led by TD Securities Inc.,
are expected to be issued July 7, 2008, and will pay a coupon of 5.828% until
July 9, 2018, and the bankers' acceptance rate plus 2.55% thereafter until
maturity on July 9, 2023. The notes are redeemable at the Bank's option at par
on July 9, 2018.
    TD also announced that it intends to issue a $375 million second tranche
of its medium term notes due April 2, 2020, constituting subordinated
indebtedness. The second tranche will carry the same terms and conditions as
the original issue and will be sold through an agency syndicate led by TD
Securities Inc. These notes are expected to be issued on July 7, 2008.
    TD will include the both issues as Tier 2B regulatory capital and intends
to file in Canada a pricing supplement to its January 11, 2007 base shelf
prospectus and July 12, 2007 prospectus supplement in respect of each issue.
    The medium term notes have not been and will not be registered under the
U.S. Securities Act of 1933, as amended, and may not be offered or sold in the
United States absent registration or an applicable exemption from the
registration requirements. This press release shall not constitute an offer to
sell securities in the United States.

    About TD Bank Financial Group

    The Toronto-Dominion Bank and its subsidiaries are collectively known as
TD Bank Financial Group. TD Bank Financial Group is the seventh largest bank
in North America by branches and serves approximately 17 million customers in
four key businesses operating in a number of locations in financial centres
around the globe: Canadian Personal and Commercial Banking, including TD
Canada Trust; Wealth Management, including TD Waterhouse and an investment in
TD Ameritrade; U.S. Personal and Commercial Banking through TD Banknorth and
Commerce; and Wholesale Banking, including TD Securities. TD Bank Financial
Group also ranks among the world's leading on-line financial services firms,
with more than 5.5 million on-line customers. TD Bank Financial Group had CDN
503.6 billion in assets as of April 30, 2008. The Toronto-Dominion Bank trades
on the Toronto and New York Stock Exchanges under the symbol "TD", as well as
on the Tokyo Stock Exchange.





For further information:

For further information: John van Boxmeer, Vice President, Treasury and
Balance Sheet Management, (416) 308-7309; Nicholas Petter, Media Relations,
(416) 308-1861


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