Largest ever green bond in Canada
TORONTO, March 23, 2022 /PRNewswire/- Toronto-Dominion Bank (“TD”) today announced that TD Securities Inc. Was co-structuring advisor and a joint lead manager on the Canadian government’s inaugural $5 billion green bond issuance. As announced on June 14, 2021, TD Securities was one of two structural advisors to the government for its inaugural green bond.
The inaugural Green Bond aims to create financing opportunities that will go towards projects ranging from green infrastructure to nature conservation. With the issuance of its green bonds, the Government of Canada is supporting its environmental objectives as well as the development of Canada’s sustainable finance market.
“This will help bond investors seek green investment opportunities and support government programs with clearly defined environmental benefits,” said Drew McIntyre, vice chairman of TD Securities. “We are proud to work with the Government of Canada on this issue. This is the largest Canadian green bond ever issued and a major step towards sustainable finance that is an important part of the transition to a green economy.”
TD has a long history of environmental stewardship and was the first North American bank to become carbon neutral in 2010. In 2020, TD became the first Canadian bank to target net-zero GHG emissions associated with its operating and financing activities by 2050. This year, it joined its global peers in setting interim funded emissions targets for two key sectors, energy and electricity generation. TD has contributed more than $86 billion to its $100 billion low-carbon economy target over the past four years through low-carbon lending, financing, asset management and internal corporate programs.
Sustainable Finance Leadership:
- TD issues US$500 million green bond offering (2021)
- TD issued a sustainability bond of US$500 million, which was increased from US$300 million and was the first sustainability bond in SOFR format (2020).
- TD issued a US$1 billion green bond which was increased from US$500 million (2017).
- First Canadian commercial bank to issue C$500 million green bonds (2014)
- TD Securities has been underwriting World Bank climate bonds since 2009
As another testament to our leadership in incorporating environmental, social and governance practices into our business, for the eighth year in a row, TD was listed on the Dow Jones Sustainability World Index and ranked as the top ranked North American in the world index. -based bank. 2021. TD is a proud member of the Green Bond Principles (GBP), Social Bond Principles (SBP), Sustainability Bond Guidelines (SBG), Sustainability-Linked Bond Principles (SLBP), called ‘Principles’ and is a member of many international capital An active participant in the Working Groups of the Market Association (ICMA).
About TD Bank Group
Toronto-Dominion Bank and its subsidiaries are collectively referred to as the TD Bank Group (“TD” or “Bank”). TD is the fifth largest bank in North America by assets and serves more than 26 million customers in three major businesses operating in multiple locations in financial centers around the world: Canadian Retail, including TD Canada Trust, TD Auto Finance Canada, TD Wealth. (Canada), TD Direct Investments, and TD Insurance; US retail, which includes investments in TD Bank, America’s Most Convenient Bank®, TD Auto Finance US, TD Wealth (US) and Charles Schwab Corporation; and wholesale banking including TD Securities. TD also ranks among the world’s leading online financial services firms with over 15 million active online and mobile customers. TD had assets of CDN$1.8 trillion as of January 31, 2022. Toronto-Dominion Bank trades on the Toronto and New York Stock Exchanges under the symbol “TD”.
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Source TD Bank Group