Shearman And Sterling

News November 02, 2021

Ontario Teachers’ £500 Million Senior Notes Offering

Shearman & Sterling advised the joint book-running managers and co-managers in connection with Ontario Teachers’ Finance Trust’s (OTFT) Regulation S offering of £500 million aggregate principal amount of 1.125 percent Senior Notes due 2026. The notes were issued under OTFT’s global debt program, and are guaranteed by OTFT’s parent, Ontario Teachers’ Pension Plan Board.

The notes were listed on the Official List of the Irish Stock Exchange (now trading as Euronext Dublin) and admitted to trading on its Global Exchange Market (GEM).

Ontario Teachers’ Pension Plan Board is a globally active investor with holdings in more than 50 countries across diversified sectors and asset classes. It administers the assets of the Ontario Teachers’ Pension Plan and manages the assets for the benefit of approximately 331,000 active and retired teachers in Ontario. The Plan had net assets of C$227.7 billion as of June 30, 2021.

The Shearman & Sterling team below was supported by associate Josh Lokko (Toronto–Capital Markets).

The Team

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