OMERS Finance Trust successfully completes offering of USD term notes

April 08, 2020

OMERS Finance Trust (OFT) has priced its USD 1 billion, three-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 second USD offering as an SSA issuer.

BMO Capital Markets, HSBC, RBC Capital Markets and TD Securities acted as joint lead managers on the transaction. The three-year USD note priced at a yield of 1.139%, which is equivalent to a spread of 80 bps over the equivalent US Treasury. The notes mature on April 14, 2023.

By Geography:

By Investor Type:

Americas

65%

Banks Treasuries & Private Banks

36%

Europe, Middle East, Africa

29%

Central Banks & Official Institutions

36%

Asia

6%

Asset Managers

24%

 

 

Other

4%