Ontario Teachers’ Finance Trust set to price notes due 2023, 2030; pricing Thursday

By Cristal Cody

Tupelo, Miss., Sept. 23 – Ontario Teachers’ Finance Trust (Aa1/AA+) plans to price a Rule 144A and Regulation S two-part dollar-denominated offering of senior notes on Thursday, according to a market source.

The offering includes three-year notes with initial price talk in the mid-swaps plus 28 basis points area and 10-year notes talked at the mid-swaps plus 65 bps area.

The trust held fixed income investor calls ahead of the deal.

Barclays, J.P. Morgan Securities, LLC, RBC Capital Markets, LLC and TD Securities (USA) LLC are the bookrunners.

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

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