Ontario Teachers’ Finance Trust to price notes due 2025 talked at mid-swaps plus 80 bps area

By Cristal Cody

Tupelo, Miss., April 6 – Ontario Teachers’ Finance Trust (Aa1/AA+) plans to price a Rule 144A and Regulation S dollar-denominated offering of five-year senior notes on Tuesday, according to a market source.

Initial guidance on the notes due April 15, 2025 is in the mid-swaps plus 80 basis points area.

BofA Securities, Inc., Citigroup Global Markets Inc., HSBC Securities (USA) Inc. and Scotia Capital (USA) Inc. are the bookrunners.

Ontario Teachers’ Finance Trust is a Toronto-based financing arm of the Ontario Teachers’ Pension Plan Board.

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