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British Columbia Investment Management Corporation completes C$1.5B reopening of its 3.25% Senior Unsecured Notes, Series 4, due June 2, 2031


Date

April 23, 2026

Office Involved

Value

1.5 Billion CAD

On April 23, 2026, British Columbia Investment Management Corporation (“BCI”) completed a private placement of C$1.50 billion reopening of its senior unsecured notes, series 4, with a coupon of 3.25% and a maturity date of June 2, 2031 (the “Offering”). 

The syndicate of agents in the Offering was co-led by BMO Nesbitt Burns Inc., RBC Dominion Securities Inc., Scotia Capital Inc., and TD Securities Inc. and included CIBC World Markets Inc., Desjardins Securities Inc., Laurentian Bank Securities Inc., and National Bank Financial Inc.

BCI is a leading provider of investment management services to British Columbia's public sector, with C$295 billion of gross assets under management. 

McCarthy Tétrault LLP advised the syndicate of agents in connection with the Offering, with a team led by Andrew Parker that included Jeremy Pleasant, Krystel Ametepeh (Business) and Kabir Jamal (Tax).

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