DBRS rates Omers Finance notes AAA

DBRS said it assigned a rating of AAA with a stable trend to the C$1 billion senior notes issued by Omers Finance Trust.

The senior notes have a coupon rate of 2.6% and a maturity date of May 14, 2029.

Omers Finance is the principal financing vehicle of Omers Administration Corp., DBRS said.

The notes are unconditionally and irrevocably guaranteed by Omers and rank pari passu with all other present and future unsecured and unsubordinated indebtedness of the company, the agency said.

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