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...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
