Financings

TD Bank Group Issues CAD $1.5 Billion Green Bond

By The Northwire Desk — AI Analysis Mar 24, 2026 · 13:17 TD · 128.37 TORONTO-DOMINION BANK (THE)

TD · Price

TD Bank Group issued a CAD $1.5 billion green bond, the largest Canadian‑dollar denominated green bond ever issued by a Canadian financial institution.
The issuance marks TD’s sixth sustainable‑labelled bond and brings its cumulative sustainable‑bond program to over CAD $5 billion since 2014.
Proceeds will be used to finance eligible green projects in line with the Bank’s “Protect, Adapt, and Grow” sustainability strategy.

Bond Amount: CAD $1.5 billion.
Label: Sustainable‑labelled (green) bond, sixth such issuance by TD.
Cumulative Sustainable Issuances: Over CAD $5 billion since 2014.
Significance: Largest Canadian‑dollar denominated green bond offering issued by a Canadian financial institution (per Bloomberg).
Use of Proceeds: To fund eligible green projects that support clients’ sustainable growth, consistent with TD’s sustainability framework.
Quotes:
Nicole Vadori, VP & Head of Sustainability – highlighted the milestone and demand for sustainable investment.
Susan Thompson, MD & Head of Global Sustainable Finance & Advisory – noted the contribution to Canadian sustainable capital markets.
Reference Link: https://www.td.com/ca/en/about-td/for-investors/investor-relations/fixed-income-investor/debt-information/sustainable-bonds

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