Ontario Pension Board Inks $574M Bond, Its Largest Ever
By Tom Zanki (February 13, 2017, 5:53 PM EST) -- The Ontario Pension Board, the administrator of the Canadian province's public service pension plan, on Monday said it raised CA$750 million ($574.4 million) through a 10-year bond, its largest to date, saying proceeds will boost its real estate returns and improve its long-term funded status.
The OPB said that more than 66 investors took part in the offering, which pays an annual yield of 2.98 percent, including 19 new buyers. A breakdown of the investors was not disclosed.
"Since our first bond offering in 2012, investor interest has continued to increase with each offering," OPB President and CEO Mark Fuller said...
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