QuadReal’s C$400 Million Green Bond Offering

Torys LLP represented BCI QuadReal Realty on the offering.

Torys represented BCI QuadReal Realty with a team that included Michael Zackheim, Brett Saulnier and Matthew Gragtmans (corporate/securities).

On March 12, 2021, QuadReal Property Group (“QuadReal”) completed the green bond issuance of C$400 million of 1.056% Series 4 senior notes maturing March 12, 2024 issued by BCI QuadReal Realty (“BQR”). BQR serves as the primary issuing entity of unsecured notes for British Columbia Investment Management Corporation’s (“BCI”) real estate program.

The senior notes were offered on a private placement basis to accredited investors in Canada by a syndicate of agents co-led by TD Securities Inc., CIBC, HSBC and Scotiabank, and included BMO Capital Markets, Mizuho Securities, National Bank, RBC Dominion Securities Inc. and SMBC as co-managers.

QuadReal is a global real estate investment, operating and development company. QuadReal manages the real estate and mortgage programs of BCI, a Canadian leader in investment fund management that provides services to British Columbia’s public sector.
 

The Torys team included Michael Zackheim (Picture), Brett Saulnier and Matthew Gragtmans (corporate/securities).

Involved fees earner: Matthew Gragtmans – Torys LLP; Brett Saulnier – Torys LLP; Michael Zackheim – Torys LLP;

Law Firms: Torys LLP;

Clients: BCI QuadReal Realty ;

Author: Martina Bellini

QuadReal’s C$400 Million Green Bond Offering

Torys LLP represented BCI QuadReal Realty on the offering.

Torys represented BCI QuadReal Realty with a team that included Michael Zackheim, Brett Saulnier and Matthew Gragtmans (corporate/securities).

On March 12, 2021, QuadReal Property Group (“QuadReal”) completed the green bond issuance of C$400 million of 1.056% Series 4 senior notes maturing March 12, 2024 issued by BCI QuadReal Realty (“BQR”). BQR serves as the primary issuing entity of unsecured notes for British Columbia Investment Management Corporation’s (“BCI”) real estate program.

The senior notes were offered on a private placement basis to accredited investors in Canada by a syndicate of agents co-led by TD Securities Inc., CIBC, HSBC and Scotiabank, and included BMO Capital Markets, Mizuho Securities, National Bank, RBC Dominion Securities Inc. and SMBC as co-managers.

QuadReal is a global real estate investment, operating and development company. QuadReal manages the real estate and mortgage programs of BCI, a Canadian leader in investment fund management that provides services to British Columbia’s public sector.
 

The Torys team included Michael Zackheim (Picture), Brett Saulnier and Matthew Gragtmans (corporate/securities).

Involved fees earner: Matthew Gragtmans – Torys LLP; Brett Saulnier – Torys LLP; Michael Zackheim – Torys LLP;

Law Firms: Torys LLP;

Clients: BCI QuadReal Realty ;

Author: Martina Bellini