TORONTO, July 17 /CNW/ - TD Bank Financial Group today confirmed that it
has underwritten $3.3 billion of a $34.3 billion credit facility and provided
a $500 million equity bridge facility to a group of institutional investors
led by Ontario Teachers' Pension Plan Board in support of their bid to acquire
BCE Inc.
While these commitments are large, they were entered into following the
Bank's normal credit processes and are within the risk tolerances provided for
in the Bank's risk management framework. In the ordinary course, the Bank
would expect to syndicate these commitments among other financial institutions
and investors.
About TD Bank Financial Group
The Toronto-Dominion Bank and its subsidiaries are collectively known as
TD Bank Financial Group. TD Bank Financial Group serves more than 14 million
customers in four key businesses operating in a number of locations in key
financial centres around the globe: Canadian Personal and Commercial Banking,
including TD Canada Trust; Wealth Management, including TD Waterhouse and an
investment in TD Ameritrade; U.S. Personal and Commercial Banking through
TD Banknorth; and Wholesale Banking, including TD Securities. TD Bank
Financial Group also ranks among the world's leading on-line financial
services firms, with more than 4.5 million on-line customers. The Bank had
$397 billion in assets as of April 30, 2007. The Toronto-Dominion Bank trades
on the Toronto and New York Stock Exchanges under the symbol "TD", as well as
on the Tokyo Stock Exchange.
For further information: Neil Parmenter, Corporate Communications, (416)
982-4285