TD Bond

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(March 2016)
We haven't seen a Bond with a yield like this available for some time!

 

Toronto Dominion Bond FF 2026/2031 March 4, 2026 Current Yield: 4.4%

We haven't seen a Bond with a yield like this available for some time!

We like a good bond: with an independent income provided by an issuer that inspires confidence, but they have been very hard to find lately. Here, not only does the TD Bank offer a healthy yield, but the maturity date is far enough out that one may count on that income for some good time, until 2026, and the value at maturity is guaranteed by the issuer.

TD guarantees that maturity value to the holder of that bond: you, the individual client. The Market seems to be offering the canny investor a gift ...it almost feels like a step back in time!

Example: a TD Bond FF 2026 purchased today at $103.92 per 100 would cost $49,964.67, based on face value of $48,000 with a yield of 4.4%, and which will mature March 4, 2026.

Interest accrues daily and is paid out semiannually in March & September: based on $48,000. That is $2,332.32/year

The bonds can be bought and sold on any business day.

Toronto Dominion Bank is rated “A(-)” by S&P.