QuadReal Property Group has completed a $400-million green bond offering. The 2.551 per cent senior notes, which mature June 24, 2026, are QuadReal’s third issuance of green bonds on behalf of British Columbia Investment Management Corporation’s real estate program.

The senior notes were made available through private placement to accredited investors in Canada and are rated AA (low) with a stable trend by DBRS Limited. “We are very pleased to have a well-established sustainable financing platform that supports current and future projects,” says Tamara Lawson, QuadReal’s chief financial officer.

Proceeds from the offering will be invested to support sustainable initiatives on green buildings, renewable energy, resource and energy efficiency, pollution prevention, clean transportation and climate change adaptation.