TD Bank awarded gilt status

US bank Toronto Dominion Bank said yesterday its London branch has been recognised as a gilt-edged market maker by the UK Debt Management Office and the London Stock Exchange. As a recognised market maker, Toronto Dominion Bank said it would participate in gilt auctions by the UK government. UK government bond issuances rose to £225.1bn for the 2009-10 financial year, from £146.5bn the previous year, as the recession caused a surge in borrowing.