By Cristal Cody
Tupelo, Miss. Feb. 17 – Omers Realty Corp. sold C$375 million of 2.858% eight-year notes (/AA+/DBRS: AA) at par on Wednesday, according to a market source.
The notes priced with a spread of 178 basis points over the interpolated Government of Canada bond curve.
TD Securities Inc., CIBC World Markets Inc. and RBC Dominion Securities Inc. were the lead managers.
Omers Realty is a Toronto-based real estate investment arm of the Ontario Municipal Employers Retirement System.
| Issuer: | Omers Realty Corp.
|
| Amount: | C$375 million
|
| Maturity: | Feb. 23, 2024
|
| Securities: | Notes
|
| Bookrunners: | TD Securities Inc., CIBC World Markets Inc., RBC Dominion Securities Inc.
|
| Coupon: | 2.858%
|
| Price: | Par
|
| Yield: | 2.858%
|
| Spread: | 178 bps over interpolated Government of Canada bond curve
|
| Pricing date: | Feb. 17
|
| Settlement date: | Feb. 23
|
| Ratings: | Standard & Poor’s: AA+
|
| DBRS: AA
|
| Distribution: | Canada
|
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