BC Ferries Raises $250 Million In Bond Financing

BC Ferries Raises $250 Million In Bond Financing

BC Ferries announced the closing of a CAD $250 million senior secured bond issue. The privately placed bonds, which are rated A (high) by DBRS and AA- by Standard & Poor’s, were sold to institutional investors across Canada. The bonds bear interest at 2.794% per annum and are due October 15, 2049.