TD Securities Co-Structures First-Ever Green Bond Issuance for Government of Canada

Largest green bond to-date in Canada

TORONTO, March 23, 2022 /PRNewswire/ - The Toronto-Dominion Bank ("TD") announced today that TD Securities Inc. was Co-Structuring Adviser and a Joint Lead Manager on the Government of Canada's inaugural $5 billion green bond issuance. As announced on June 14, 2021, TD Securities was one of the government's two structuring advisors for its inaugural green bonds.

The inaugural green bond is intended to create financing opportunities that will go towards projects ranging from green infrastructure to nature conservancy. With its green bond issuance, the Government of Canada is supporting its environmental objectives as well as the development of the Canadian sustainable finance market.

"This bond will help investors seeking green investment opportunities and will support government programs with clearly defined environmental benefits," said Drew MacIntyre, Vice Chair, TD Securities. "We have been proud to work on this issuance with the Government of Canada. It is the largest Canadian green bond issued to date and is a big step forward for sustainable finance which is an important part of the transition to a greener economy." 

TD has a long-standing history of environmental leadership 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 and this year, joined its global peers in setting interim financed emissions targets for two key sectors, Energy and Power Generation. TD has also contributed over $86 billion of its $100 billion low-carbon economy target through low-carbon lending, financing, asset management and internal corporate programs in the last four years. 

Sustainable finance leadership:

• TD issued a US$500 Million Green Bond Offering (2021)
• TD issued a US$500 million sustainability bond which was upsized from US$300 million and was the first-ever sustainability bond in SOFR format (2020)
• TD issued a US$1 billion green bond that was upsized from US$500 million (2017)
• First Canadian commercial bank to issue a C$500 million green bond (2014)
• TD Securities has been underwriting World Bank Climate Bonds since 2009

As a further testament to our leadership incorporating Environmental, Social and Governance practices into our business, for the eighth consecutive year, TD was listed on the Dow Jones Sustainability World Index and was the top-ranked North American-based bank on the World Index in 2021. TD is a proud member of the Green Bond Principles (GBP), the Social Bond Principles (SBP), the Sustainability Bond Guidelines (SBG), the Sustainability-Linked Bond Principles (SLBP) referred to as the 'Principles' and is an active participant in a number of International Capital Market Association (ICMA) working groups.

The Toronto-Dominion Bank and its subsidiaries are collectively known as TD Bank Group ("TD" or the "Bank"). TD is the fifth largest bank in North America by assets and serves more than 26 million customers in three key businesses operating in a number of locations in financial centers 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 The Charles Schwab Corporation; and Wholesale Banking, including TD Securities. TD also ranks among the world's leading online financial services firms, with more than 15 million active online and mobile customers. TD had CDN$1.8 trillion in assets on January 31, 2022. The Toronto-Dominion Bank trades under the symbol "TD" on the Toronto and New York Stock Exchanges.

SOURCE TD Bank Group