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TD Bank Announces Redemption of Subordinated Debentures
TORONTO, July 31 /CNW/ - The Toronto-Dominion Bank (TD) announced today its intention to redeem on September 5, 2008 (the redemption date), all of its $1.0 billion of outstanding 4.54% subordinated debentures due September 5, 2013, at a redemption price of 100 per cent of the principal amount. Notice will be delivered to the debenture holders in accordance with the debenture conditions. Interest on the debentures will cease to accrue on and after the redemption date. 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 key 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: John van Boxmeer, Vice President, Capital Finance, (416) 308-7309; Nicholas Petter, Media Relations, (416) 308-1861
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