OMERS Finance Trust successfully completes offering of USD term notes

OMERS Finance Trust (OFT) closed its USD 1 billion, 5-year USD 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 ninth USD offering as an SSA issuer.

BMO Capital Markets, RBC Capital Markets, Scotiabank and TD Securities acted as joint lead managers on the transaction. The 5-year USD note priced at a yield of 4.434%, which is equivalent to a spread of 37.8 bps over the equivalent US Treasury. The notes mature on March 20, 2030.