By Cristal Cody
Tupelo, Miss., July 22 - Omers Realty Corp. priced C$300 million in an offering of 3.203% seven-year debentures at par in a private placement on Monday, according to an informed source.
The company sold the debentures (DBRS: AA) at a spread of 115 basis points over the Government of Canada benchmark.
CIBC World Markets Inc. and RBC Dominion Securities Inc. were the lead managers.
Toronto-based Omers Realty is part of the Oxford Properties Group of Companies, the real estate arm of the Omers Worldwide group of companies.
| Issuer: | Omers Realty Corp.
|
| Amount: | C$300 million
|
| Maturity: | July 24, 2020
|
| Securities: | Debentures
|
| Bookrunners: | CIBC World Markets Inc., RBC Dominion Securities Inc.
|
| Coupon: | 3.203%
|
| Price: | Par
|
| Yield: | 3.203%
|
| Spread: | 115 bps over Government of Canada benchmark
|
| Pricing date: | July 22
|
| Settlement date: | July 25
|
| Rating: | DBRS: AA
|
| Distribution: | Canada private placement
|
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