Date Closed

July 4, 2012

Lead Office

Toronto

Value

500.00 Million CAD

On July 4, 2012, OPB Finance Trust completed an offering of C$350 million aggregate principal amount of 3.89% Series A Debentures, due 2042, and C$150 million aggregate principal amount of 3.8% Series B Debentures, due 2062. The Series A and Series B Debentures are unconditionally guaranteed by Ontario Pension Board (“OPB”). The offering was completed by way of private placement through a syndicate of agents led by RBC Dominion Securities Inc. and TD Securities Inc. and that included CIBC World Markets Inc.

Ontario Pension Board is the administrator of the Public Service Pension Plan, a major defined benefit pension plan sponsored by the Government of Ontario.

McCarthy Tétrault LLP represented TD Securities and RBC Capital Markets, the underwriters, with a team led by Barry Ryan.