By Cristal Cody
Chicago, April 18 – Ontario Teachers’ Finance Trust priced $1.5 billion of 4.25% notes due 2028, according to a market source.
The notes priced at SOFR mid-swaps plus 78 basis points, or at Treasuries plus 58.6 bps.
The deal was talked in the SOFR mid-swaps plus 80 bps 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.
| Issuer: | Ontario Teachers’ Finance Trust
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| Amount: | $1.5 billion
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| Issue: | Notes
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| Maturity: | April 25, 2028
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| Bookrunners: | BofA Securities, Inc., Citigroup Global Markets Inc., National Bank of Canada and RBC Capital Markets
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| Coupon: | 4.25%
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| Spread: | SOFR mid-swaps plus 78 bps, or Treasuries plus 58.6 bps
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| Trade date: | April 18
|
| Distribution: | Rule 144A and Regulation S
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| Price talk: | SOFR mid-swaps plus 80 bps area
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