In 2015, OTFT began issuing commercial paper in U.S. and Canadian dollars.
In September 2017, OTFT issued US$1.75 billion in five-year notes. The notes carry a semi-annual coupon of 2.125% and mature in September 2022. The second installment, which occurred in April 2018, was a US$2.0 billion three-year offering of 2.75%, senior unsecured notes. The third issuance, which occurred in September 2019, was a US $1.75 billion five-year notes offering a semi-annual coupon of 1.625%.
The coupon and principal paid to investors are senior to pension liabilities.
|September 2017||USD||$1.75 billion||September 19, 2022||2.125%|
|April 2018||USD||$2.00 billion||April 17, 2021||2.75%|
|September 2019||USD||$1.75 billion||September 12, 2024||1.625%|
Additional information on the debt issuances can be found on the Euronext Dublin website.