CANADA - The giant C$73bn (US$48.4bn) Ontario Teachers Pension Plan (OTPP) has issued C$600m (US$383m) worth of debentures to finance its real estate ventures, a groundbreaking move in the Canadian pensions world.
The issuance of bonds by the OTPP is a first for a Canadian pension fund according to Standard & Poor's. The debentures have been rated triple-A by both S&P and the Dominion Bond Rating Service and...
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