OMERS Finance Trust successfully completes offering of EUR term notes
OMERS Finance Trust (OFT) has priced its EUR 1 billion, five-year 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 inaugural offering in Euros and its fifth as an SSA issuer.
BNP Paribas, Crédit Agricole Corporate and Investment Bank, HSBC France, ING Bank N.V., Natixis and Société Générale acted as joint lead managers on the transaction.
The 5-year EUR notes priced at a yield of 0.488%, which is equivalent to a spread of 122 bps over the 0.00% April 2025 reference Bund. They were made available for sale by way of a private placement in Europe, Canada, the United States and select other international jurisdictions. They mature on May 13, 2025.