The infrastructure arm of the Ontario Municipal Employees’ Retirement System has confirmed the completed inaugural senior unsecured bond issuance for the BPC Generation Infrastructure Trust totalling $1.5 billion across five-, seven-, and 10-year tranches of notes.
The transaction involving the trust, which is a holding company for the OMERS investment in Bruce Power, is one of the largest domestic holding company bond issuances to date in Canada, according to a press release.
Read: OMERS closes US$1BN term notes offering, Caisse investing in Quebec engineering firm
“The scale, pricing and investor engagement in this process reflects the high quality and underlying strength of the Bruce Power investment and the caliber of our outstanding team,” said Michael Hill, executive vice-president and global head of OMERS Infrastructure, in a press release. “Through this process, we have now built a scalable platform to access and further collaborate with Canadian debt capital markets.”
Oxford Properties Group, the global real estate arm at the OMERS, is opening a build-to-rent residence asset in Australia, which is set to host 800 residents with more than 400 rental units.
“As a high conviction investor in [build-to-rent] globally, Indi Southbank delivers high-quality rental housing at scale, in direct proximity to where people work, learn and play — aligning brilliantly with Oxford’s strategy across the globe,” said Alec Harper, head of Australia at Oxford, in a statement.