BCI completes C$2 billion offering of Series 5 notes

Torys acted as counsel to BCI, in respect of the assets of the Combined Funds which it holds in trust, with a team led by Rima Ramchandani and that included Nicole Beausoleil (corporate/securities).

On August 20, 2026, British Columbia Investment Management Corporation (“BCI”), in respect of the assets of the Combined Funds which it holds in trust, completed a C$2 billion offering of its 4.15% senior unsecured notes, Series 5, due June 2, 2036, by way of private placement.

The notes were sold by a syndicate of agents co-led by BMO Nesbitt Burns Inc., CIBC World Markets Inc., RBC Dominion Securities Inc. and TD Securities Inc. and included Desjardins Securities Inc., Scotia Capital Inc., Laurentian Bank Securities Inc. and National Bank Financial Inc.

BCI is amongst the largest institutional investors in Canada with C$313.7 billion in gross assets under management, as of March 31, 2026. Headquartered in Victoria, British Columbia, it manages a portfolio of diversified public and private market investments on behalf of over 33 British Columbia public sector clients.