OMERS Finance Trust successfully completes offering of USD term notes

OMERS Finance Trust (OFT) closed its USD 1 billion, 7-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 eighth USD offering as an SSA issuer.

BMO Capital Markets, National Bank of Canada Financial Markets, Scotiabank and TD Securities acted as joint lead managers on the transaction. The 7-year USD note priced at a yield of 4.861%, which is equivalent to a spread of 54 bps over the equivalent US Treasury. The notes mature on March 26, 2031.