BC Ferries issues $200 million in bonds



    VICTORIA, Jan. 8 /CNW/ - BC Ferries announced today that it has entered
into an agency agreement with a syndicate of investment banks to issue
$200 million of its senior secured bonds. The bonds will bear interest at
5.581% per annum and will be for a term of 30 years. The issue is expected to
close January 11, 2008.

    %SEDAR: 00020627E




For further information:

For further information: Media Contact: BC Ferries, Media Relations,
Victoria: (250) 978-1267


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