TD Bank 2002 Annual Report Download - page 58

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56
FINANCIAL RESULTS
Repayment schedule
The aggregate maturities of the Bank’s subordinated notes
and debentures are as follows:
(millions of dollars) 2002 2001
Within 1 year $ 229 $ 267
Over 1 to 2 years 157 232
Over 2 to 3 years –150
Over 5 years 3,957 4,243
$ 4,343 $ 4,892
The notes and debentures are direct unsecured obligations of the
Bank or its subsidiaries and are subordinated in right of payment
to the claims of
depositors and certain other creditors of the Bank
or its subsidiaries. Where
appropriate, the Bank has entered into
interest rate
options, interest rate swaps and currency swaps to
modify the related interest rate and foreign currency risks.
NOTE 8Subordinated notes and debentures
(millions of dollars)
Redeemable at Foreign
Interest Maturity par by issuer currency Outstanding October 31
rate (%) date beginning6amount 2002 2001
Various1Jan. 2002 to Oct. 2002 – $– $29
Various2Dec. 2002 to Sept. 2005 – 20 13
Floating rate3Oct. 2002 – US$150 million –238
Floating rate4Aug. 2003 – US$75 million 116 119
Floating rate5Oct. 2003 – 100 100
8.00 Dec. 2003 – 150 150
6.50 Jan. 2007 Jan. 2002 US$300 million –477
6.75 Mar. 2007 Mar. 2002 US$200 million –318
5.65 Sept. 2007 Sept. 2002 –25
6.50 Aug. 2008 – US$150 million 234 238
6.15 Oct. 2008 – US$150 million 234 238
6.13 Nov. 2008 – US$100 million 155 159
6.45 Jan. 2009 – US$150 million 234 238
6.60 Apr. 2010 Apr. 2005 750 750
8.40 Dec. 2010 Dec. 2005 150 150
6.00 July 2011 July 2006 800 800
6.55 July 2012 July 2007 500 500
5.20 Sept. 2012 Sept. 2007 550 –
10.05 Aug. 2014 – 150 150
9.15 May 2025 – 200 200
$ 4,343 $ 4,892
1Interest is payable at various rates, from .13% to 3.10%.
2Interest is payable at various rates, from .13% to 2.95%.
3Interest at six-month U.S. dollar LIBOR less .13%, subject to minimum
and maximum rates of 5% and 10% respectively.
4Interest at three-month U.S. dollar LIBOR, subject to a minimum of 4.10%.
5Interest at three-month customers’ liability under acceptance rate less .30%,
subject to minimum and maximum rates of 6.50% and 9% respectively.
6Subject to prior approval of the Superintendent of Financial Institutions
Canada.