By Cristal Cody
Chicago, March 23 – Omers Finance Trust sold $1 billion of 1.1% notes due March 26, 2026 on Tuesday, according to a market source.
The notes priced with a Treasuries plus 28.23 basis points spread, or mid-swaps plus 18 bps. The notes priced on top of final talk of mid-swaps plus 18 bps and tighter than initial talk in the area of mid-swaps plus 21 bps.
The Rule 144A and Regulation S deal was being sold via BofA, BMO, RBC Capital Markets and TD Securities as the bookrunners.
Omers Finance is a Toronto-based financing arm of the Ontario Municipal Employees Retirement System.
Issuer: | Omers Finance Trust
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Issue: | Notes
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Amount: | $1 billion
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Maturity: | March 26, 2026
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Bookrunners: | BofA, BMO, RBC Capital Markets and TD Securities
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Coupon: | 1.1%
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Spread: | Treasuries plus 28.23 bps, or mid-swaps plus 18 bps
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Trade date: | March 23
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Price talk: | Mid-swaps plus 18 bps
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Distribution: | Rule 144A and Regulation S
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