QuadReal closes offering of C$400 million green bond senior notes
Torys acted as counsel to BCI QuadReal Realty with a team that included Michael Zackheim, Brett Saulnier and Christopher Tworzyanski (corporate/securities) and Nina Mansoori (debt finance).
On February 3, 2022, QuadReal Property Group ("QuadReal") announced the completion of the green bond issuance of C$400 million of 2.551% Series 5 senior notes maturing June 24, 2026 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 Bank Securities, National Bank, RBC Dominion Securities Inc. and SMBC as co-managers.
This is BQR’s third green bond offering.
Further information can be found on Globe 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$61.2 billion.