DBRS gives OPB Finance debt reopening AA (high)

DBRS said it assigned a rating of AA (high) to OPB Finance Trust’s series D debenture reopening, which mature on Feb. 24, 2022.

The trend on the rating is stable.

OPB Finance Trust is a wholly owned subsidiary and principle financing vehicle of the Ontario Pension Board (OPB), which unconditionally and irrevocably guarantees the debentures.

The debentures are the direct and unsecured obligations of the trust and rank pari passu with the other present and future unsecured and unsubordinated obligations of the trust.

Net proceeds will be used to originate loans to members of the OPB Group to repay a portion of the funding that was made available for recent real estate acquisitions.

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