DOTW – OMERS Realty closes $562M debt offering

CPE Analytics

Updated on:

OMERS Realty Corporation, the real estate investment arm of Ontario Municipal Employers Retirement System (OMERS), has closed new debt offering of debentures due November 14, 2028 priced at par for gross proceeds of $562 million.

BC based institutional investors led all other investors subscribing 45.3% of the total offering.

The offering is led by RBC Dominion Securities Inc., Scotia Capital Inc., CIBC World Markets Inc., TD Securities Inc. with Wells Fargo Securities Canada Ltd., HSBC Securities (Canada) Inc. and BMO Nesbitt Burns Inc. making up of the rest of the offering syndicate.

McCarthy T├ętrault LLP acted as legal counsel to OMERS.

OMERS Realty Corporation, a wholly owned subsidiary of OMERS Administration Corporation, owns interests in a large portfolio of office and retail properties across Canada.

Deal of the Week (DOTW)

DOTW is weekly feature of Private Capital Journal that showcases one particular financing (deal) from CPE Analytics’ Canadian Financings, Canada’s only all financing database. (https://www.financings.ca/).

photo credit: OMERS