Joby Aviation closes $591 million stock offering with full underwriter option
TORONTO - The Toronto-Dominion Bank announced Thursday that no stabilization measures were undertaken for its recent €3 billion covered bond offering, according to a post-stabilization notice.
The offering consisted of two tranches: €1.75 billion in fixed-rate covered bonds due in 2028 and €1.25 billion in fixed-rate covered bonds due in 2032. Both tranches were priced at 100% of face value.
The bonds are guaranteed by TD Covered Bond (Legislative) Guarantor Limited Partnership. The Toronto-Dominion Bank served as the stabilization coordinator for the transaction, alongside several joint bookrunners including Danske Bank A/S, Erste Group Bank AG, ING Bank N.V., LBBW, Natixis, and UniCredit Bank GmbH.
The post-stabilization announcement follows the bank’s pre-stabilization notice dated September 2, 2025. Stabilization refers to market activities that support the price of newly issued securities during the initial offering period.
The securities have not been registered under the United States Securities Act of 1933 and are not being offered for sale in the United States.
The announcement was made through a regulatory filing with the London Stock Exchange’s news service.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.