By Cristal Cody
Tupelo, Miss., March 26 - Omers Realty Corp. sold C$300 million of 2.971% seven-year debentures at par in a private placement offering on Wednesday, according to an informed source.
The debentures due April 5, 2021 (DBRS: AAA) priced with a spread of 96 basis points over the interpolated Government of Canada bond curve.
RBC Dominion Securities Inc. and CIBC World Markets Inc. were the lead managers.
Toronto-based Omers Realty, a subsidiary of Omers Administration Corp., owns and rents commercial and retail properties in Canada.
| Issuer: | Omers Realty Corp.
|
| Amount: | C$300 million
|
| Maturity: | April 5, 2021
|
| Securities: | Debentures
|
| Bookrunners: | RBC Dominion Securities Inc. and CIBC World Markets Inc.
|
| Co-managers: TD Securities Inc., BofA Merrill Lynch and Wells Fargo Securities LLC
|
| Coupon: 2.971%
|
| Price: | Par
|
| Yield: | 2.971%
|
| Spread: | 96 bps over interpolated Government of Canada bond curve
|
| Pricing date: | March 26
|
| Settlement date: | April 2
|
| Ratings: DBRS: AAA
|
| Distribution: | Canada private placement
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
