A series of bail-in bond issuances helped TD Bank shrink the gap between its current and target total loss-absorbing capacity (TLAC) ratios over the three months to end-July.

The Canadian bank reported TLAC-eligible debt and capital of C$86 billion ($64.7 billion), up 10% on end-April and 22% on end-January. Total capital made up 85.3% of this total, and external TLAC debt the remaining 14.7%.