Parties
Company
OMERS Realty Corporation
Bank
RBC Dominion Securities Inc.
Bank
CIBC World Markets Inc.
Bank
Scotia Capital Inc.
Bank
TD Securities Inc.
Bank
Wells Fargo Securities Canada, Ltd.
Bank
Desjardins Securities Inc.
Bank
HSBC Securities (Canada) Inc.
On February 8, 2024, OMERS Realty Corporation (ORC), a Toronto-based real estate investment subsidiary of OMERS Administration Corporation, successfully completed a C$450 million private placement. The transaction involved the issuance of 4.96% Series 15 Senior Unsecured Debentures, set to mature on February 10, 2031. A syndicate of agents, led by RBC Dominion Securities Inc., CIBC World Markets Inc., Scotia Capital Inc., and TD Securities Inc., facilitated the offering. The syndicate also included participation from Wells Fargo Securities Canada, Ltd., Desjardins Securities Inc., and HSBC Securities (Canada) Inc. This strategic financial maneuver underscores ORC's robust position within the real estate investment sector, leveraging the expertise of leading financial institutions to secure significant capital through debt instruments.
Deal Type
Public/Private OfferingIndustry
OtherTransaction
$ 450,000,000Deal Status
ClosedClosing Date
08 February 2024