Ontario Teachers’ Finance Trust five-year notes talked at SOFR mid-swaps plus 65 bps area

By Mary-Katherine Stinson and Cristal Cody

Lexington, Ky., April 3 – Ontario Teachers’ Finance Trust intends to price an offering of dollar-denominated notes due April 10, 2029, according to information provided by a market source.

The deal is being talked in the SOFR mid-swaps plus 65 basis points area.

BNP Paribas Securities Corp., J.P. Morgan Securities LLC, National Bank of Canada and TD Securities (USA) LLC 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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