Ontario Teachers’ Finance Trust five-year notes talked at SOFR mid-swaps plus 80 bps area

By William Gullotti and Cristal Cody

Buffalo, N.Y., April 18 – Ontario Teachers’ Finance Trust intends to price an offering of dollar-denominated notes due April 25, 2028, according to information provided by a market source.

The deal is being marketed with talk in the SOFR mid-swaps plus 80 basis points area.

BofA Securities, Inc., Citigroup Global Markets Inc., National Bank of Canada and RBC Capital Markets have been mandated as bookrunners for the Rule 144A and Regulation S sale.

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

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