OMERS Finance Trust successfully completes offering of USD term notes
OMERS Finance Trust (OFT) has priced its USD 1 billion, five-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, all stable). This marks OFT’s third USD offering as an SSA issuer.
BofA Securities, BMO Capital Markets, RBC Capital Markets and TD Securities acted as joint lead managers on the transaction. The five-year USD note priced at a yield of 1.114%, which is equivalent to a spread of 28 bps over the equivalent US Treasury. The notes mature on March 26, 2026.