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Subordinated Notes and Debentures (Tables)
 12 Months Ended
Oct. 31, 2025
Subordinated Notes and Debentures [Abstract]  
Summary of Subordinated Notes and Debentures
Subordinated Notes and Debentures
1
(millions of Canadian dollars, except
 
as noted)
As at
Earliest par
Interest
Reset
redemption
October 31
October 31
Maturity date
rate (%)
2
spread (%)
date
2025
2024
May 26, 2025
3
9.150
n/a
–
$
–
$
200
April 22, 2030
4
3.105
n/a
April 22, 2025
–
2,989
March 4, 2031
4.859
3.490
5
March 4, 2026
1,252
1,257
September 15, 2031
3.625
2.205
6
September 15, 2026
1,997
2,045
January 26, 2032
3.060
1.330
7
January 26, 2027
1,715
1,637
April 9, 2034
5.177
1.530
7
April 9, 2029
1,820
1,803
September 10, 2034
5.146
1.500
8
September 10, 2029
1,396
1,359
October 30, 2034
1.601
1.032
9
October 30, 2029
181
183
January 23, 2036
4.030
1.500
6
January 23, 2031
1,209
–
February 1, 2035
4.231
1.540
7
February 1, 2030
1,009
–
September 25, 2035
2.058
0.970
10
September 25, 2030
127
–
July 23, 2040
5.930
1.870
11
July 23, 2035
27
–
Total
$
10,733
$
11,473
1
The outstanding subordinated notes and debentures include non-viability contingent capital (NVCC) provisions
 
and qualify as regulatory capital under OSFI’s Capital Adequacy
Requirements (CAR) guideline. Refer to Note 19 for further details.
2
Interest rate is for the period to but excluding the earliest par redemption date and, thereafter,
 
if not otherwise redeemed, it will be reset at the applicable reset rate.
3
On May 26, 2025, this note matured and all of the accrued interest and outstanding principal was repaid
 
in full.
4
 
On April 22, 2025, the Bank redeemed all of its outstanding $
3
 
billion
3.105
% medium-term notes due April 22, 2030, at a redemption price of
100
 
per cent of the principal amount, plus
accrued and unpaid interest to, but excluding, the redemption date.
5
To be reset at a rate to be determined
 
with consent of the noteholders as the CORRA-based rate and spread considered to be reasonably equivalent
 
to the of
3-month bankers’
acceptance rate
 
(as such term is defined in the applicable offering document) plus the reset spread noted.
6
To be reset at a rate of
5-year Mid-Swap Rate
 
plus the reset spread noted.
7
To be reset at Daily Compounded
 
Canadian Overnight Repo Rate Average plus the reset spread noted.
8
To be reset at the prevailing
5-year U.S. Treasury Rate
 
plus the reset spread noted.
9
To be reset at the Japanese
 
government bond yield plus the reset spread noted.
10
To
be reset at the
5-year Tokyo Overnight Average Rate
 
mid-swap rate plus the reset spread noted.
11
To
be reset at the
3-month Bank Bill Swap Rate
 
plus the reset spread noted.