OMERS Infrastructure has announced a marquee financing transaction for Bruce Power, a major source of electricity for Ontario.
BPC Generation Infrastructure Trust (BGIT), the holding company for OMERS’ investment in Bruce Power, has completed a C$1.5 billion ($1.1 billion) inaugural senior unsecured bond issuance across five, seven and 10-year tranches of notes. According to OMERS, this transaction represents the largest domestic holding company bond issuance to date within the Canadian power and utilities sector.
“This transaction marks a milestone in Canadian infrastructure financing,” said Michael Hill, executive vice president and global head of OMERS Infrastructure. “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. Through this process, we have now built a scalable platform to access and further collaborate with Canadian debt c
