Ontario Teachers get blowout response for debut green outing

By Lewis McLellan
19 Nov 2020

Ontario Teachers’ Finance Trust hit the market on Thursday for the issuer’s first ever green bond — a €750m no-grow 10 year, for which it received an overwhelming response, causing a 7bp tightening.

OTFT selected HSBC as sole green structuring advisor and mandated BNP Paribas, Citi, Crédit Agricole and HSBC to run the books for the deal. The leads opened books with guidance of mid-swaps plus 41bp area on Thursday morning.

The book leaped to €4.4bn, excluding ...

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