TD to Lead City’s $30M Debenture Issuance

The City of London intends to issue up to $30 million in 10-year serial debentures in 2024 with Toronto-Dominion Bank acting as lead fiscal agent. A special Corporate Services Committee meeting will be convened after successful pricing to finalize the debenture by-law.

Document date · March 25, 2024

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Scope & details

The full contract record, as filed.

Contract amount

Not to exceed $30,000,000

Contract type

FINANCIAL_SERVICES

Contract term

10-year serial debenture, anticipated issuance in late April 2024

Renewal date

2034-04-30

Renewal

Annual or periodic debt issuance relationship; 2024 deal is a discrete 10-year serial debenture. No explicit renewal or extension terms are described for TD’s fiscal agent engagement.

Document type

Agenda

Source document

City of London Corporate Services Committee Agenda 2024-03-25

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of London?

Toronto-dominion Bank (td) was awarded this financial services contract by City of London, as recorded on March 25, 2024. The contract value is Not to exceed $30,000,000.

How much is the Toronto-dominion Bank (td) contract with City of London worth?

The Toronto-dominion Bank (td) contract with City of London is valued at Not to exceed $30,000,000, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in City of London Corporate Services Committee Agenda 2024-03-25 (Agenda), dated March 25, 2024 from City of London. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Toronto-dominion Bank (td) hold?

Toronto-dominion Bank (td) may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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