TORONTO, March 28, 2014 /CNW/ - TD Bank Group ("TD" or the "Bank") is proud to be the first commercial bank in Canada to offer a bond dedicated to funding green initiatives. Today - and led solely by TD Securities - the Bank launched the $500 million TD Green Bond maturing on April 3, 2017. Through the TD Green Bond, the Bank will now be able to offer investors an investment vehicle that supports environmental mandates while providing a market rate of return.
"The green bond market is at the relatively early stages of evolution," says Patrick Meneley, Vice Chair, Investment Banking, TD Securities, Executive Vice President, TD Bank Group. "This first-to-market issuance by TD - in Canada - helps to further develop the green bond market for investors."
Dedicated to environmental leadership, TD places great importance on greening the space in which it operates. Headquartered in Toronto and the sixth largest bank in North America by branches, TD recognizes the need to broaden investment options within the green economy. Launching the TD Green Bond is aimed at doing just that.
"We're proud to deliver a product that supports our commitment to environmental leadership, which is underscored by our becoming - in 2010 - the first North-American-based carbon neutral bank. TD Securities has been underwriting World Bank Climate Bonds since 2009," says Karen Clarke-Whistler, Chief Environment Officer, TD Bank Group. "I am thrilled to take part in this milestone achievement contributing to the greening of the Canadian economy."
About TD Bank Group
The Toronto-Dominion Bank and its subsidiaries are collectively known as TD Bank Group ("TD" or the "Bank"). TD is the sixth largest bank in North America by branches and serves over 22 million customers in three key businesses operating in a number of locations in financial centres around the globe: Canadian Retail, including TD Canada Trust, TD Auto Finance Canada, TD Wealth (Canada), TD Direct Investing, and TD Insurance; U.S. Retail, including TD Bank, America's Most Convenient Bank, TD Auto Finance U.S., TD Wealth (U.S.) and an investment in TD Ameritrade; and Wholesale Banking, including TD Securities. TD also ranks among the world's leading online financial services firms, with approximately 8 million active online and mobile customers. TD had CDN$909 billion in assets on January 31, 2014. The Toronto-Dominion Bank trades under the symbol "TD" on the Toronto and New York Stock Exchanges.
SOURCE: TD Bank Group
For further information:
Laurrell Mohammed, Media Relations, TD Bank Group, (416) 308-9995
Rudy Sankovic, Investor Relations, TD Bank Group, (416) 308-9030