OMERS Finance Trust successfully completes international offering of CAD term notes

May 08, 2019

OMERS Finance Trust (OFT) has priced its CAD 1.0 billion, 10-year Reg S / 144a notes. The notes are guaranteed by OMERS Administration Corporation (OAC), rated Aa1/AA+/AAA/AAA (Moody's / S&P / Fitch / DBRS, all stable). This marks OFT’s second offering as an SSA issuer.

TD Securities, RBC Dominion Securities, CIBC World Markets and Scotia Capital acted as joint lead managers on the transaction.

The 10-year CAD notes priced at a yield of 2.612%, which is equivalent to a spread of 91 bps over the equivalent Government of Canada bond. The notes were made available for sale by way of a private placement in Canada, the United States and select international jurisdictions. They mature on May 14, 2029.

By Geography:

By Investor Type:

Americas

81%

Asset Managers

50%

Europe, Middle East, Africa

10%

Central Banks & Official Institutions

18%

Asia

9%

Bank Treasuries & Private Banks

17%

 

 

Pension & Insurance

15%