Published on 2/4/2021 in the Prospect News Canadian Bonds Daily and Prospect News Investment Grade Daily.
New Issue: QuadReal unit places C$400 million 1.073% series 3 senior notes due 2026
Chicago, Feb. 4 – QuadReal Property Group subsidiary BCI QuadReal Realty sold C$400 million of 1.073% series 3 senior notes due Feb. 4, 2026 (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 RBC Dominion Securities Inc., TD Securities Inc., Scotiabank and CIBC and included HSBC, BMO Capital Markets and National Bank.
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
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| Securities: | Senior notes, series 3
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| Amount: | C$400 million
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| Maturity: | Feb. 4, 2026
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| Coupon: | 1.073%
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| Agents: | RBC Dominion Securities Inc., TD Securities Inc., Scotiabank, CIBC, HSBC, BMO Capital Markets and National Bank
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| Announcement date: | Feb. 4
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| Ratings: | DBRS: AA (low)
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| Distribution: | Canada
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