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On January 10, 2025, British Columbia Investment Management Corporation (BCI) completed a C$1.50 billion reopening of its senior unsecured notes, series 2, with a coupon of 3.40% and a maturity date of June 2, 2030.
The offering was made through a syndicate of agents co-led by RBC Dominion Securities Inc., BMO Nesbitt Burns Inc., CIBC World Markets Inc., and Scotia Capital Inc.
BCI is a leading provider of investment management services to British Columbia's public sector, with $250.4 billion of gross assets under management.
McCarthy Tétrault advised the syndicate of agents with a team led by Andrew Parker that included Jeremy Pleasant, Joe Furness, Sarah Xu (Business), and Kabir Jamal (Tax).
Parties
Company
British Columbia Investment Management Corporation (BCI)
Company
RBC Dominion Securities Inc.
Company
BMO Nesbitt Burns Inc.
Company
CIBC World Markets Inc.
Company
Scotia Capital Inc.
Deal Type
Public/Private OfferingIndustry
Banking/FinanceTransaction
$ 1,500,000,000Deal Status
ClosedClosing Date
10 January 2025