OMERS Realty Corporation completes C$600M private placement of its Series 13 Senior Unsecured Debentures
Date Closed
November 14, 2022
Lead Office
Toronto
Value
600.00 Million CAD
On November 14, 2022, OMERS Realty Corporation (“ORC”) completed the $600 million private placement of 5.381% Series 13 Senior Unsecured Debentures, due November 14, 2028. The Series 13 Debentures are the first issuance of “Green Bonds” under the Green Financing Framework established by Oxford Properties Group in October 2022.
OMERS Realty Corporation, based in Toronto, Canada, is a real estate investment arm that operates as a subsidiary of OMERS Administration Corp.
The syndicate of agents in the offering was led by TD Securities Inc., CIBC World Markets Inc., RBC Dominion Securities Inc., and Scotia Capital Inc., and included Wells Fargo Securities Canada, Ltd., BMO Nesbitt Burns Inc., and HSBC Securities (Canada) Inc.
McCarthy Tétrault LLP advised ORC with a team led by Andrew Armstrong that included Gurvir Sangha (Business).
