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BCI completes $1.5B reopening of 3.40 percent senior unsecured notes

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).

Company

British Columbia Investment Management Corporation (BCI)

Law Firm / Organization
Torys LLP

Company

RBC Dominion Securities Inc.

Law Firm / Organization
McCarthy Tétrault LLP

Company

BMO Nesbitt Burns Inc.

Law Firm / Organization
McCarthy Tétrault LLP

Company

CIBC World Markets Inc.

Law Firm / Organization
McCarthy Tétrault LLP

Company

Scotia Capital Inc.

Law Firm / Organization
McCarthy Tétrault LLP
Public/Private Offering
Banking/Finance
$ 1,500,000,000
Closed
10 January 2025