Subject to the receipt of regulatory approvals and satisfaction of other customary closing conditions, this transaction is expected to close in the first half of calendar 2013. TD expects its Tier 1 capital ratio to decrease by approximately 20 bps on closing, on a pro forma basis as at TD's last quarter ending July 31, 2012, and its common equity tier 1 ratio to decrease by approximately 14 bps under Basel III on a fully phased in basis. In addition, TD expects the portfolio to produce a return on assets of approximately 100 bps in the first year. The transaction will be funded with available resources.About TD Bank Group
TD Bank Group To Acquire Target's U.S. Credit Card Portfolio And Enter Into A Seven-year Program Agreement
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