OMERS Finance Trust successfully completes A$1.0 billion 10-year term note offering

OMERS Finance Trust (OFT) closed its A$1.0 billion, 10-year AUD notes. The notes are guaranteed by OMERS Administration Corporation (AC), rated AAA/Aa1/AAA (S&P/ Moody’s / Fitch). This marks OFT’s second AUD offering as an SSA issuer.

Commonwealth Bank, RBC Capital Markets, TD Securities, and UBS acted as joint lead managers on the transaction. The 10-year AUD note priced at a yield of 5.764%, which is equivalent to a spread of 75.3 bps over the equivalent Australia Government Bond. The notes mature on May 20, 2036.