DBRS Assigns AAA Rating to OMERS Finance Trust’s CAD 1 Billion Notes

DBRS Limited (DBRS) assigned a rating of AAA with a Stable trend to the CAD 1 billion Senior Notes (the Senior Notes) issued by OMERS Finance Trust (OFT). The Senior Notes have a coupon rate of 2.6% and a maturity date of May 14, 2029. OFT is the principal financing vehicle of OMERS Administration Corporation (OMERS; rated AAA with a Stable trend by DBRS). The Notes are unconditionally and irrevocably guaranteed by OMERS and rank pari passu with all other present and future unsecured and unsubordinated indebtedness of OMERS.

Notes:
All figures are in Canadian dollars unless otherwise noted.

The principal methodologies are Rating Canadian Public Pension Funds & Related Exclusive Asset Managers (May 2019) and Structured Finance Flow-Through Ratings (January 2019), which can be found on dbrs.com under Methodologies & Criteria.

For more information on this credit or on this industry, visit www.dbrs.com or contact us at info@dbrs.com.

DBRS Limited
DBRS Tower, 181 University Avenue, Suite 700
Toronto, ON M5H 3M7 Canada