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Ontario Teachers’ Finance Trust launches $1 billion five-year notes at mid-swaps plus 80 bps
By Cristal Cody
Tupelo, Miss., April 7 – Ontario Teachers’ Finance Trust (Aa1/AA+) launched a $1 billion Rule 144A and Regulation S offering of five-year senior notes on Tuesday at mid-swaps plus 80 basis points, according to a market source.
Initial guidance on the notes due April 15, 2025 was in the mid-swaps plus 80 bps 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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