OMERS Finance Trust successfully completes offering of EUR term notes

OMERS Finance Trust (OFT) closed its EUR 1 billion, 10-year EUR Reg S / 144a notes. The notes are guaranteed by OMERS Administration Corporation (AC), rated AAA/Aa1/AAA/AAA (S&P/ Moody’s / Fitch / DBRS). This marks OFT’s third EUR offering as an SSA issuer.

BofA Securities, BNP Paribas, Citigroup, and Credit Agricole CIB acted as joint lead managers on the transaction. The 10-year EUR note priced at a yield of 3.253%, which is equivalent to a spread of 76.4 bps over the equivalent German Bunds. The notes mature on January 28, 2035.