BCI QuadReal Realty closes offering of C$350 million green bond senior notes
Torys acted as counsel to BCI QuadReal Realty with a team that included Michael Zackheim and Shaoor Ahmad (corporate/securities).
On March 14, 2025, BCI QuadReal Realty ("BQR") completed the issuance of C$350 million of 3.281% Series 7 senior notes, March 14, 2028, under its Green Bond Framework. 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, RBC, Scotiabank and TD and included BMO, Desjardins, National Bank, Mizuho Bank Securities, SMBC and Wells Fargo served as co-managers.
This is BQR’s fifth 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 Property Group ("QuadReal").
QuadReal is a global real estate investment, operating and development company headquartered in Vancouver, British Columbia. Its assets under management total C$89 billion.