QuadReal completes C$350-million inaugural senior note offering

June 02, 2020

Torys represented BCI QuadReal Realty with a team that included Michael Zackheim and Brett Saulnier (corporate/securities) and Adam Delean and Nina Mansoori (lending).

On June 3, 2020, QuadReal Property Group ("QuadReal") announced the successful closing of C$350 million of 1.68% Series 1 senior notes maturing March 3, 2025 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. The offering was made on an agency basis by a syndicate of agents co-led by RBC Dominion Securities Inc., BMO Capital Markets, and TD Securities Inc. and included CIBC, Scotiabank, HSBC and National Bank.

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.

Further information can be found on Canada Newswire’s website.