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TD Bank launches $2 bln, 5-yr covered bonds-IFR

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NEW YORK, July 22 | Thu Jul 22, 2010 11:52pm IST

NEW YORK, July 22 (Reuters) - Toronto-Dominion Bank (TD.TO) (TD.N) on Thursday launched a sale of $2 billion in five-year covered bonds, said IFR, a Thomson Reuters service.

The issue is guaranteed by TD Covered Bond Guarantor LP.

The bonds were launched at 37 basis points more than mid-swaps and will be sold through Barclays, Deutsche Bank, RBS and TD Bank, according to IFR.

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