Ontario Teachers Finance Trust (ONTTFT) (ONTTFT)

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Ontario Teachers Finance Trust (ONTTFT) (ONTTFT)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	FNCL	PRCD	ONTTFT	Ontario Teachers Finance Trust (ONTTFT)	€2,500		2	USOA	May 12, 2021

Tranche #1Ontario Teachers Finance Trust (ONTTFT)

currency

EUR

size (m)

1,250.000

maturity

May 19, 2028

type

Fixed

tenor

7.000

call

registration

Reg S Only

benchmark

Swaps

ranking

Sr. Unsecured

moody's

Aa1

s&p

AA+

fitch

size description

re-open/tap

ipt

ipt-pxd

guidance

MS+20 a

spread

coupon

0.1%

spread set

price

99.88200

yield

0.117%

book size (m)

3,200

peak book (m)

x-covered

2.56

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

3,200

peak book (m)

x-covered

2.56

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche #2Ontario Teachers Finance Trust (ONTTFT)

currency

EUR

size (m)

1,250.000

maturity

May 20, 2041

type

Fixed

tenor

20.000

call

registration

Reg S Only

benchmark

Swaps

ranking

Sr. Unsecured

moody's

Aa1

s&p

AA+

fitch

size description

re-open/tap

ipt

ipt-pxd

guidance

MS+40 a

spread

coupon

0.9%

spread set

price

99.50900

yield

0.927%

book size (m)

2,300

peak book (m)

x-covered

1.84

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

2,300

peak book (m)

x-covered

1.84

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche Comments

7 yr: Book size: 3200; Registration: Reg S Only; Comments: EUR1.25bn 7yr. With 20yr. Aa1/AA+/NR/AAA. Barc(B&D/DM)/BofA/GS/JPM. Guidance MS+20 area, set MS+18, launch 1.25bn, bk >3.2bn ex-JLM, B+51.2 vs DBR 02/28 (Spot: 106.145 / -0.395% / HR 98%). FTT 3.50pm. LEI: 635400ZZE5J8OXXBBY26.; 20 yr: Book size: 2300; Registration: Reg S Only; Comments: EUR1.25bn 20yr. With 7yr. Aa1/AA+/NR/AAA. Barc(B&D/DM)/BofA/GS/JPM. Guidance MS+40 area, set MS+38, launch 1.25bn, bk >2.3bn ex-JLM, B+76.1 vs DBR 07/40 (Spot: 186.3 / 0.166% / HR 66%). FTT 3.50pm. LEI: 635400ZZE5J8OXXBBY26.;

Deal Comments

Guarantor: Ontario Teachers' Pension Plan Board.

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Ontario Teachers Finance Trust (ONTTFT) (ONTTFT)

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