Wholesale Banking - Positioned for Growth
Wholesale Banking
Positioned for Growth
TD
Continued to build an integrated North American Investment Bank with global reach:
Advanced the integration of strategic acquisitions:
On March 1, 2023, TD closed on the acquisition of Cowen Inc., accelerating Wholesale Banking's U.S. growth strategy by adding and
expanding its product and service offerings in equities and global research, increasing depth in key growth verticals, and adding scale
and high-quality talent.
Wholesale Banking achieved a significant TD Cowen integration milestone in combining the U.S. Institutional Equities and
Convertibles businesses to deliver a full-service North American equities platform to clients.
Launched TDSX Private Room, allowing TD to better serve both institutional and retail clients by adding capabilities to cross orders
for U.S. shares in a secure, fully compliant, fully automated environment.
#1 investment bank in Canadian loan syndications¹ and completed M&A transactions².
Select notable transactions this quarter:
TD Securities acted as Financial Advisor to TC Energy on its minority interest sale in Columbia Gas and Columbia Gulf to Global
Infrastructure Partners for $5.3 billion. Active Bookrunner on a US$5.6 billion Senior Unsecured Notes offering to recapitalize
Columbia Pipeline entities following the M&A announcement.
TD Cowen acted as Financial Advisor to Autovista on its sale to J.D. Power.
TD Securities acted as Joint bookrunner on Allied Irish Banks' €750 million green bond issuance, TDS' first deal with an Irish bank.
TD Securities acted as Sole Lead Manager on the World Bank's €100 million issuance of Digitally Native Notes, the first digital
securities to use Euroclear's new Digital Financial Market Infrastructure platform based on distributed ledger technology.
Environmental, Social and Governance (ESG) Leadership
Delivering client-focused Environmental, Social and Governance (ESG) advisory, thought leadership, and sustainable financing solutions to
facilitate the transition to a low-carbon economy:
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TD Securities agreed to purchase 27,500 metric tons of Direct Air Capture (DAC) carbon dioxide removal credits over a four-year period
from STRATOS, 1 PointFive's first DAC plant currently under construction, subject to STRATOS becoming operational. This represents
one of the largest purchases of these credits by a financial institution, reflecting the Bank's commitment to a lower carbon economy.
Sustainability Structuring Agent for Bell Canada's sustainability-linked securitization (SLS), the first SLS executed at TD in a sole
structuring role.
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