OMERS Finance Trust successfully completes US$1.0 billion 5-year term note offering

OMERS Finance Trust (OFT) closed its US$1.0 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 tenth USD offering as an SSA issuer.

CIBC World Markets, National Bank of Canada, RBC Capital Markets, and TD Securities acted as joint lead managers on the transaction. The 5-year USD note priced at a yield of 4.093%, which is equivalent to a spread of 20.4 bps over the equivalent US Treasury. The notes mature on July 22, 2031.