TD BANK COMPLETES UNDERWRITING AGREEMENT...

AAP General News (Australia)
08-12-1999
TD BANK COMPLETES UNDERWRITING AGREEMENT...

TD BANK COMPLETES UNDERWRITING AGREEMENT FOR PRICING AND SALE OF COMMON SHARES

TORONTO, Aug. 11 /CNW-AsiaNet/-- TD Bank announced today that it has
entered into a definitive underwriting agreement providing for the pricing and
sale of its common share offering.

TD's offering -- 25.7 million common shares at CDN$27.25 each -- will
raise approximately CDN$700 million, the entire common equity portion of the
capital required to finance the acquisition of CT Financial Services Inc.

A final prospectus is expected to be filed next week, and the offering is
expected to close later in August, 1999.



The issue will be lead managed by TD Securities Inc. with co-lead Nesbitt
Burns Inc.

A registration statement relating to these securities is being filed with
the Securities and Exchange Commission but has not yet become effective. These
securities may not be sold nor may offers to buy be accepted prior to the time
the registration statement becomes effective. This press release shall not
constitute an offer to sell or the solicitation of an offer to buy, nor shall
there be any sale of these securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or qualification
under the securities laws of any such jurisdiction.

For further information: please contact: Dan Marinangeli, Chief
Financial Officer, (416) 982-8002

KEYWORD: BUSINESS AND FINANCE ANTH1098

1999 AAP Information Services Pty Limited (AAP) or its Licensors.