OMERS Finance Trust successfully completes offering of USD term notes

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

BMO Capital Markets, BofA Securities, CIBC Capital Markets and RBC Capital Markets acted as joint lead managers on the transaction. The 10-year USD note priced at a yield of 5.538%, which is equivalent to a spread of 99.4 bps over the equivalent US Treasury. The notes mature on November 15, 2033.