British Columbia Investment Management Corporation completes C$1.5B private placement of 4.00% Senior Unsecured Notes, Series 3, due June 2, 2035

On May 16, 2025, British Columbia Investment Management Corporation ("BCI") completed a private placement of C$1.5 billion senior unsecured notes, series 3, with a coupon of 4.00% and a maturity date of June 2, 2035.

The offering was made through a syndicate of agents co-led by BMO Nesbitt Burns Inc., RBC Dominion Securities Inc., and TD Securities Inc., that also including CIBC World Markets Inc., Desjardins Securities Inc., Scotia Capital Inc., and Laurentian Bank Securities 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, Vaibhav Aggarwal (Business) and Kabir Jamal (Tax).