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Email this1:27 pm
February 14, 2023
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new today 5.00% CAD
9:10 am
November 3, 2022
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kesa said
new today 5.00% CAD
There does not seem to be any step up in this Step-Up note. 5% in year one, and 5% in year two, if they don't call the note. Is that really a step up?
11:01 am
March 30, 2017
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Rail Baron said
There does not seem to be any step up in this Step-Up note. 5% in year one, and 5% in year two, if they don't call the note. Is that really a step up?
Its extendible, which is legally different from callable, even tho the economics are the same if it ends up being 2y total term anyway 🙂
Its a step up in term not rates. they should have done it as 4.95% extendable 5.05% year2. That makes it look optically better from a step up perspective.
11:06 am
February 14, 2023
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this offer is now gone.
11:28 am
November 3, 2022
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kesa said
this offer is now gone.
I guess TD stepped out of this step-up note, which did not include any step up. 
4:23 pm
September 30, 2017
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I suspect they are gone when it's sold out. The previous US issue was gone before the settlement date as well.
4:15 pm
February 14, 2023
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new today $CAD 5.02%. A 1-year extendible senior note paying coupons semi-annually, extendible semi-annually at TD’s option to a maximum term of 5 years (the “Notes”).
2:11 pm
September 30, 2017
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New Issues under Trading on TDDI - TD Bank *Semi-Annual Pay* Step Up Extendible Notes June 2, 2024 to June 2, 2028
| Year | Rate |
|---|---|
| 1 | 5.20% |
| 2 | 5.35% |
| 3 | 5.50% |
| 4 | 5.65% |
| 5 | 6.00% |
Settlement date June 2, 2023
2:18 pm
February 14, 2023
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Trying to buy this last issue.
11:59 am
May 24, 2023
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I don't have the prospectus but wondering how a non extension is handled? Is it a cash out on the particular date or does TD force you into a GIC for the remainder of the 5 year period?
6:08 am
April 6, 2013
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The detailed info about their notes, including their interest rate notes, is at TD Structured notes.
10:56 am
May 24, 2023
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Toying with what would be the better investment at this time; the 5 year extendible step up note at issuers option as offered above through TD, or a provincial 10 year bond yielding a little over 4%.
11:50 am
September 30, 2017
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New Issues on TDDI: TD Bank C$ Extendible Notes 5.38%, payable semi-annually.
Term: 1-year, Extendible to 2 years
Settlement Date: June 8, 2023
9:00 am
November 3, 2022
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Are these extendible step up notes available through TD Easy Trade? Or only through the fee based TDDI?
5:54 pm
April 6, 2013
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According to What can I buy, sell, and hold in TD Easy Trade?, TD Easy Trade only handles TD exchange-traded funds, stocks (common and preferred shares), and American Depository receipts.
Fixed income securities, like bonds and debentures, GIC's, and mutual funds are excluded.
8:32 am
November 3, 2022
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Norman1 said
According to What can I buy, sell, and hold in TD Easy Trade?, TD Easy Trade only handles TD exchange-traded funds, stocks (common and preferred shares), and American Depository receipts.Fixed income securities, like bonds and debentures, GIC's, and mutual funds are excluded.
Thanks for verifying that TD Easy Trade does not trade in this investment. Are there any other channels, besides TDDI, to purchase these notes?
2:29 pm
September 30, 2017
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hwyc said
New Issues on TDDI: TD Bank C$ Extendible Notes 5.38%, payable semi-annually.Term: 1-year, Extendible to 2 years
Settlement Date: June 8, 2023
This offer is now *historical* well ahead of the settlement date. Want some in my TFSA, intend to make a placement on Friday 
... looks like these 2-yr notes are desirable. It's been gone sooner before, as in #24.
5:22 pm
April 6, 2013
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One can get similar rates with regular TD Bank bonds.
TD Bank 2.496% 2024/12/02 bond at Scotia iTRADE was 95.869 today.
With $25,000+ purchase, the commission would be 0.100. Net cost 95.969 for a net yield to maturity of 5.32%.
5:27 pm
February 14, 2023
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Norman1 said
One can get similar rates with regular TD Bank bonds.TD Bank 2.496% 2024/12/02 bond at Scotia iTRADE was 95.869 today.
With $25,000+ purchase, the commission would be 0.100. Net cost 95.969 for a net yield to maturity of 5.32%.
Of course it would be similar, it’s the same credit.
6:15 pm
September 30, 2017
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Norman1 said
One can get similar rates with regular TD Bank bonds.TD Bank 2.496% 2024/12/02 bond at Scotia iTRADE was 95.869 today.
With $25,000+ purchase, the commission would be 0.100. Net cost 95.969 for a net yield to maturity of 5.32%.
There is much to learn in bonds for me! After some searching, I found the same bond on TDDI with a price of $96.443 but still cannot recognize they are comparable.
... with a new issue, I can understand/compare it as a simple term deposit.
Please write your comments in the forum.