TD Bank 2006 Annual Report Download - page 90

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TD BANK FINANCIAL GROUP ANNUAL REPORT 2006 Financial Results
86
Subordinated Notes and Debentures
(millions of Canadian dollars)
Maturity date Interest rate (%) Earliest redemption date Foreign currency amount 2006 2005
January 2007 – August 2009 Various1–$ 6 $ 4
April 203346.45% April 2008 US$ 16 million 18 –
December 201028.40% December 2005 –150
June 201147.63% – US$ 200 million 224 232
July 201136.00% July 2006 –796
May 201247.00% – US$ 220 million 247 -
July 2012 6.55% July 2007 497 500
September 2012 5.20% September 2007 550 547
September 2013 4.54% September 2008 1,000 984
August 2014 10.05% – 149 149
January 201654.32% January 2011 1,000 –
October 201664.87% October 2011 500 –
June 2018 5.69% June 2013 897 900
September 202244.64% – 270 270
May 2025 9.15% – 196 196
February 202748.98% February 2007 US$ 49 million 55 –
February 202749.06% February 2007 US$ 67 million 75 75
May 2027410.52% May 2007 US$ 29 million 32 36
June 202847.65% June 2008 US$ 55 million 61 –
July 2030411.30% July 2010 US$ 13 million 14 15
October 2030410.88% October 2010 US$ 28 million 31 33
February 2031410.20% February 2011 US$ 4 million 55
July 203149.07% January 2007 US$ 5 million 66
April 203248.00% April 2007 US$ 206 million 230 240
April 203346.85% April 2008 US$ 21 million 23 –
March 203448.18% March 2009 US$ 21 million 24 –
October 210474.97% October 2015 790 –
$6,900 $5,138
REPAYMENT SCHEDULE
The aggregate maturities of the Bank’s subordinated notes
and debentures are as follows:
(millions of Canadian dollars) 2006 2005
Within 1 year $ 1 $153
Over 1 to 2 years 11
Over 3to 4 years 4–
Over 4to 5 years 224 –
Over 5 years 6,670 4,984
Total $ 6,900 $5,138
Liabilities
(millions of Canadian dollars) 2006 2005
Preferred Shares
Preferred shares issued by the Bank (thousands of shares):
Class A – 16 Series I $– $–
Class A – 14,000 Series M 350 350
Class A – 8,000 Series N 200 200
550 550
Preferred shares issued by TD Mortgage Investment Corporation (thousands of shares):
350 non-cumulative preferred shares, Series A 344 345
Total Preferred Shares 894 895
Capital Trust Securities
Trust units issued by TD Capital Trust (thousands of shares):
900 Capital TrustSecurities – Series 2009 900 900
Total Capital TrustSecurities 900 900
Total Preferred Shares and Capital Trust Securities $1,794 $1,795
LIABILITIES FOR PREFERRED SHARES AND CAPITAL TRUST SECURITIES
NOTE 12
1Interest is payable at various rates, from 0% to .125%.
2On December 1, 2005 the Bank redeemed all the 8.4% subordinated
debentures due December 2010.
3On July 26, 2006, the Bank redeemed all of its outstanding $800 million
6.00% subordinated debentures due July 26, 2011.
4Obligation of a subsidiary.
5On January 16, 2006, the Bank issued $1 billion 4.317% medium term
notes due January 18, 2016.
6On April 28, 2006, the Bank issued $500 million 4.87% medium term
notes due October 28, 2016.
7On November 1, 2005, the Bank issued $800 million 4.97% medium term
notes due October 30, 2104.
As required by Section 3861, Financial Instruments – Disclosure
and Presentation, the Bank classifies preferred shares and capital
trust securities, convertible into a variable number of the Bank’s
common shares at the holder’s option, as liabilities for reporting
purposes.
Preferred shares without conversion rights are not classified
as liabilities and are presented in Note 13. TD Capital Trust II
Securities – Series 2012-1 are not consolidated at the Bank level
but aredescribed further below.