OMERS Finance Trust successfully completes offering of USD term notes

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

BofA Securities, Citigroup, RBC Capital Markets and TD Securities acted as joint lead managers on the transaction. The five-year USD note priced at a yield of 4.061%, which is equivalent to a spread of 64 bps over the equivalent US Treasury. The notes mature on April 20, 2028.