Issues Medium Term Notes

RNS Number:3204P
Toronto-Dominion Bank
02 September 2003



TD Bank to Issue Medium Term Notes

Toronto, September 2, 2003 - The Toronto-Dominion Bank (TD) today announced that
it intends to issue $1 billion principal amount of medium term notes
constituting subordinated indebtedness pursuant to its medium term note program.
The medium term notes, to be sold through an agency syndicate led by TD
Securities Inc, are expected to be issued September 5, 2003 and will pay a
coupon of 4.54% until September 5, 2008 and the bankers' acceptance rate plus
1.00% thereafter until maturity on September 5, 2013. TD intends to file in
Canada a pricing supplement to its December 12, 2002 base shelf prospectus and
August 28, 2003 prospectus supplement in respect of this issue.

The medium term notes have not been and will not be registered under the U.S.
Securities Act of 1933, as amended, and may not be offered or sold in the United
States absent registration or an applicable exemption from the registration
requirements. This press release shall not constitute an offer to sell
securities in the United States.

About TD Bank Financial Group

The Toronto-Dominion Bank and its subsidiaries are collectively known as TD Bank
Financial Group. In Canada and around the world, TD Bank Financial Group serves
more than 13 million customers in three key businesses: personal and commercial
banking including TD Canada Trust; wealth management including the global
operations of TD Waterhouse; and a leading wholesale bank, TD Securities,
operating in a number of locations in key financial centres around the globe. 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. TD Bank Financial
Group had CDN$302 billion in assets, as of July 31, 2003. The Toronto-Dominion
Bank trades on the Toronto and New York Stock Exchanges under the symbol "TD".


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For further information: Peter J. Aust, Vice President, Capital Finance, 
[phone]




                      This information is provided by RNS
            The company news service from the London Stock Exchange

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