QuadReal closes C$400 million green bond senior note offering
On March 12, 2021, QuadReal Property Group ("QuadReal") completed the green bond issuance of C$400 million of 1.056% Series 4 senior notes maturing March 12, 2024 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 TD Securities Inc., CIBC, HSBC and Scotiabank, and included BMO Capital Markets, Mizuho Securities, National Bank, RBC Dominion Securities Inc. and SMBC as co-managers.
This is BQR’s second green bond offering.
Further information can be found on Canada Newswire’s website.
QuadReal is a global real estate investment, operating and development company. QuadReal manages the real estate and mortgage programs of BCI, a Canadian leader in investment fund management that provides services to British Columbia's public sector.