QuadReal closes offering of C$400 million green bond senior notes
On July 31, 2024, QuadReal Property Group ("QuadReal") announced the completion of the green bond issuance of C$400 million of 4.16% Series 6 senior notes maturing July 31, 2027 issued by BCI QuadReal Realty ("BQR"). BQR serves as the primary issuing entity of unsecured notes for British Columbia Investment Management Corporation's ("BCI") real estate program.
The senior notes were offered on a private placement basis to accredited investors in Canada by a syndicate of agents co-led by CIBC, TD, Scotiabank, and RBC, and included BMO, Mizuho Bank Securities, National Bank, SMBC, Desjardins, and Wells Fargo served as co-managers.
This is BQR’s fourth green bond offering.
Further information can be found on Canada Newswire’s website.
BQR is an actively managed pooled investment portfolio of real estate and real estate- related investments. All the assets of BQR are held in trust by BCI and managed by QuadReal.
QuadReal is a global real estate investment, operating and development company headquartered in Vancouver, British Columbia. Its assets under management total C$73.8 billion.