By Cristal Cody
Tupelo, Miss., Jan. 29 – OPB Finance Trust sold C$250 million of 2.95% 10-year debentures at a spread of 163 basis points over the interpolated Government of Canada bond curve, according to a market source on Friday.
The debentures (DBRS: AA) are due Feb. 2, 2026.
RBC Dominion Securities Inc. and TD Securities Inc. were the bookrunners.
The debentures are unconditionally and irrevocably guaranteed by the Ontario Pension Board.
Proceeds will be used to originate loans to members of the Ontario Pension Board Group to repay a portion of funding that was made available for recent real estate acquisitions.
OPB Finance Trust is a subsidiary and principle financing vehicle of the Ontario Pension Board.
Issuer: | OPB Finance Trust
|
Guarantor: | Ontario Pension Board
|
Amount: | C$250 million
|
Maturity: | Feb. 2, 2026
|
Securities: | Debentures
|
Bookrunners: | RBC Dominion Securities Inc., TD Securities Inc.
|
Coupon: | 2.95%
|
Spread: | 163 bps over interpolated Government of Canada bond curve
|
Pricing date: | Jan. 28
|
Settlement date: | Feb. 2
|
Rating: | DBRS: AA
|
Distribution: | Canada
|
© 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.