TD Securities Expands Environmental Commitment, Assists in Bringing EIB's First Climate Awareness Bond to Canada

TD Securities Expands Environmental Commitment, Assists in Bringing EIB's First Climate Awareness Bond to Canada

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TD Securities assists in bringing EIB's first Climate Awareness Bond to Canada
Monday, November 23, 2015 - 10:00am


TD Securities is joint-lead underwriter of a C$500-million five-year Climate Awareness Bond (CAB) issued by the European Investment Bank (EIB). Launched on October 26, this marks the first green bond issuance from an international organization in the Canadian market, and the second Canadian dollar green bond on which TD has acted as a joint lead. 

"EIB is the first international issuer to come to the Canadian market with an SRI bond," said Paul Eustace, Managing Director, Head of Syndicate at TD Securities. "A transaction of this nature is pivotal for the development of the green bond market for investors in Canada." 

Of the 25 investors who participated, there was strong support from both domestic and international accounts looking for green assets denominated in Canadian dollars, as well as investors who have a strong environmental, social and governance (ESG) approach. The biggest support came from Canadian investors, who represented 53 percent of demand.  

TD places great importance on contributing to the greening of the Canadian economy. In March 2014, TD launched the first bank-led green bond in Canada. Proceeds from the C$500-million three-year TD Green Bond are being used solely for green initiatives funded in Canada, with a focus on projects that contribute to the low carbon economy. 

For more information on the TD Green Bond visit  

About TD Bank Group
The Toronto-Dominion Bank and its subsidiaries are collectively known as TD Bank Group ("TD" or the "Bank"). TD is the seventh largest bank in North America by branches and serves more than 24 million customers in three key businesses operating in a number of locations in financial centres 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 TD Ameritrade; and Wholesale Banking, including TD Securities. TD also ranks among the world's leading online financial services firms, with approximately 10 million active online and mobile customers. TD had CDN$1.1 trillion in assets on July 31, 2015. The Toronto-Dominion Bank trades under the symbol "TD" on the Toronto and New York Stock Exchanges.