Shearman And Sterling

News April 25, 2023

Ontario Teachers’ $1.5 Billion Senior Notes Offering

Shearman & Sterling advised BofA Securities, Citigroup, National Bank of Canada Financial Markets and RBC Capital Markets as joint book-running managers, and Deutsche Bank, HSBC, Morgan Stanley and Scotiabank as co-managers, in connection with a Rule 144A/Regulation S offering by Ontario Teachers’ Finance Trust of $1.5 billion aggregate principal amount of 4.250% Senior Notes due 2028.

The notes were issued under OTFT’s global debt program, and are guaranteed by OTFT’s parent, Ontario Teachers’ Pension Plan Board and were listed on the Official List of Euronext Dublin and admitted to trading on its Global Exchange Market.

Ontario Teachers’ Pension Plan Board is an active global investor with investments in more than 50 countries across seven different asset classes that provide diversification and volatility management. The Plan is Canada’s largest single profession pension plan with C$247.2 billion and C$241.6 billion in net assets in its pension fund.

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