BC Ferries raises $200 million in bond financing

VICTORIA, April 28, 2014 /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 AA- by Standard & Poor's, were sold to institutional investors across Canada.  The bonds bear interest at 4.289 per cent per annum, and are due April 28, 2044.

The bond syndicate included CIBC World Markets, RBC Capital Markets, BMO Capital Markets, TD Securities Inc. and Scotia Capital Inc.

Under contract to the Province of British Columbia, BC Ferries is the service provider responsible for the delivery of safe, efficient and dependable ferry service along coastal British Columbia.

SOURCE: British Columbia Ferry Services Inc.

Media Contact: BC Ferries, Media Relations, Victoria: [phone]