Sustainable Bonds
Key Information
Leaders in the Transition
We believe that there is an intrinsic link between economic growth and environmental sustainability, and we are playing a key role in the transformation.
TD is committed to being a sustainability leader and is working to embed environmental and social principles into its products and processes.
As the first Canadian bank to set a bold target to finance the transition to the low-carbon economy, we are targeting $100 billion, in total, in low-carbon lending, financing, asset management and internal corporate programs by 2030.
Green, social and sustainability bonds (collectively "sustainable bonds") and loans are one way of demonstrating our commitment to increasing the flow of capital to low-carbon and socially responsible economic growth.
Issuing
$2.4 billion
TD Bank has issued one sustainability and two green bonds to date.
In 2014, we issued a C$500 million green bond that was the first from a Canadian commercial bank.
In 2017, we issued a US$1 billion green bond that was upsized from US$500 million.
In 2020, we issued a US$500 million sustainability bond which was upsized from US$300 million, and was the first-ever sustainability bond in SOFR format.
Investing
$1.3 billion
TD's Treasury and Balance Sheet Management team publicly committed to incorporating green investments into the bank's investment portfolio and has purchased approximately $1.3 billion in green bonds since 2014.
Underwriting
Over $21 billion
Participated in by TD in sustainable bond underwriting since 2010.
The TD Securities Debt Capital Markets team has a strong role in helping to expand green and sustainable bond markets through underwriting bonds for issuers globally and has led several world-first transactions.
Upholding the Principles
TD is a proud member of the Green Bond Principles, the Social Bond Principles, and the Sustainability Bond Guidelines and is an active participant in a number of International Capital Market Association (ICMA) working groups.
We promote transparency, disclosure and integrity in the development of the sustainable bond market by aligning our regularly-updated framework with the ICMA Principles.
Our framework is verified by second-party expert opinion and our independent auditor, Ernst & Young LLP, provides us with annual assurance on the allocation and impact reporting of proceeds.
Learn more about our program
Browse our document library below, read our latest ESG Report, or contact your TD Securities representative for more information.
TD Sustainable Bond Issuance Overview | ||||||
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ISIN | Issue date | Coupon | Amount | Maturity | Issuer entity | |
US89114TZK14 | December 8, 2021 | 1.25% | USD$500,000,000 | December 13, 2024 | The Toronto-Dominion Bank | |
US89114QCL05 | September 23, 2020 | SOFR +45bps | USD$500,000,000 | September 28, 2023 | The Toronto-Dominion Bank | |
US89114QBT40 | September 7, 2017 | 1.850% | USD$1,000,000,000 | September 11, 2020 | The Toronto-Dominion Bank | |
CA891145N340 | March 28, 2014 | 1.824% | CAD$500,000,000 | April 3, 2017 | The Toronto-Dominion Bank |