By Wendy Van Sickle
Columbus, Ohio, March 12 – QuadReal Property Group subsidiary BCI QuadReal Realty sold C$400 million of 1.056% series 4 senior green notes due March 12, 2024 (DBRS: AA (low)), according to a press release.
The issuer is the primary issuing entity of unsecured notes for British Columbia Investment Management Corp.’s real estate program.
The transaction was led by TD Securities Inc., CIBC, HSBC and Scotiabank.
Proceeds will support qualifying expenditures on green buildings, renewable energy, resource and energy efficiency, pollution prevention, clean transportation, and climate change adaptation.
Based in Vancouver, B.C., BCI QuadReal Realty is an actively managed pooled investment portfolio of real estate and real estate-related investments.
| Issuer: | BCI QuadReal Realty
|
| Securities: | Senior green notes, series 4
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| Amount: | C$400 million
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| Maturity: | March 12, 2024
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| Coupon: | 1.056%
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| Agents: | TD Securities Inc., CIBC, HSBC and Scotiabank
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| Announcement date: | March 12
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| Ratings: | DBRS: AA (low)
|
| Distribution: | Canada
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