BC Ferries raises $200 million in bond financing

VICTORIA, Oct. 25, 2013 /CNW/ - BC Ferries announced the closing of a $200 million senior secured bond issue today.

The privately placed bonds, which are rated A by DBRS and A+ by Standard & Poor's, were sold to institutional investors across Canada. The bonds bear interest at 4.702% per annum, and mature October 23, 2043.

The bond syndicate consisted of CIBC World Markets Inc., RBC Dominion Securities Inc., BMO Nesbitt Burns Inc., TD Securities Inc. and Scotia Capital Inc.

SOURCE: British Columbia Ferry Services Inc.

Media Contact:
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