OMERS Finance Trust successfully completes offering of Sustainable USD term notes
OMERS Finance Trust (OFT) has priced USD 600 million of 10 year and USD 500 million of 30 year Sustainable Bonds, 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). This marks OFT’s fourth and fifth USD offerings as an SSA issuer and an inaugural offering under OMERS’ Sustainable Bond Framework.
The 10 year USD note priced at a yield of 3.532%, which is equivalent to a spread of 75 bps over the equivalent US Treasury, and matures on April 19, 2032. The 30 year USD note priced at a yield of 4.090%, which is equivalent to a spread of 125 bps over the equivalent US Treasury, and matures on April 19, 2052.
HSBC, RBC Capital Markets, Scotiabank and TD Securities acted as joint lead managers on the transaction.
Stats broken out by tenors
By Geography:
10 Year
30 Year
Americas
50%
86%
Europe
50%
14%
By Investor Type:
10 Year
30 Year
Asset Managers & Corporate
55%
36%
Pension, Insurance & Other
20%
59%
Private Banks
17%
5%
Central Banks & Official Institutions
8%