British Columbia Investment Management Corporation completes inaugural issuance of C$1.25B aggregate principal amount of 4.90% senior unsecured notes
Date Closed
October 26, 2023
Lead Office
Toronto
Value
1.25 Billion CAD
On October 27, 2023, British Columbia Investment Management Corporation (BCI) announced the issuance of C$1.25 billion senior unsecured notes, with a coupon of 4.90% and a maturity date of June 2, 2033. The notes settled on October 26, 2023.
The offering was made through a syndicate of agents co-led by RBC Dominion Securities Inc. and TD Securities Inc.
BCI is a leading provider of investment management services to British Columbia's public sector, with $233.0 billion of gross assets under management.
RBC Dominion Securities Inc., based in in Toronto, Canada, is an arm of the Royal Bank of Canada. TD Securities Inc., based in Toronto, Canada, is an arm of TD Bank Group.
McCarthy Tétrault advised the syndicate of agents with a team led by Andrew Parker that included Jeremy Pleasant, Xinya Wang (Business), Kabir Jamal, and Patrick McCay (Tax).
