OPB Finance Trust to sell C$500 million long bonds following roadshow

By Cristal Cody

Prospect News, June 26 - OPB Finance Trust, a new financing arm of the Ontario Pension Board, is expected to launch and price an offering of C$500 million of series A debentures (/AAA/DBRS: AA) on Wednesday after wrapping a roadshow on Tuesday, an informed bond source said.

The trust held a roadshow in Montreal and Toronto and is expected to launch two tranches of 30-year and 50-year debentures or one tranche of 30-year debt.

TD Securities Inc. and RBC Capital Markets Corp. are joint lead managers.

Proceeds will be used to support the Ontario Pension Board's private market investments.

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