QuadReal completes C$350 million inaugural green bond senior note offering

On July 24, 2020, QuadReal Property Group ("QuadReal") announced the successful green bond issuance of C$350 million of 1.747% Series 2 senior notes maturing July 24, 2030 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 BQR's inaugural green bond offering made 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.

In line with the Green Bond Framework established by QuadReal, this pool of capital will support qualifying expenditures on green buildings, renewable energy, resource and energy efficiency, pollution prevention, clean transportation and climate change adaptation.

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.