Funding Program
Investments
A Safe and Liquid
Investment Opportunity
BCI accesses debt markets to support the investment objectives of our clients, providing for broader portfolio diversification and an improved risk-adjusted investment profile.
Our medium-term debt program provides a safe and liquid investment opportunity.
We are emphasizing Canadian dollar issuance to align with the denomination of our liquid assets and promote a consistent issuer footprint.
Term debt Issued by Canadian public sector asset managers qualifies for inclusion in prominent bond indices such as: FTSE Canada Universe; Bloomberg Canada Aggregate; ICE BofA Canada Broad Market; Morningstar Canada Core.
Credit Ratings
Aaa
AAA
AAA
Our credit profile is supported by
Significant and Diversified AUM
$251.6 billion of net assets as at March 31, 2025, including substantial high-quality liquid assets
Our Stable Client Base
BCI’s assets under management are provided by British Columbia’s public sector, including pension plans, insurance funds and special-purpose funds
Our Independence From Government
BCI is a public sector entity with investment independence established under British Columbia’s Public Sector Pension Plans Act
Our Clear Issuance Structure
Debt obligations are directly backed by our investment assets
Our Asset Manager Role
BCI has no pension or insurance liabilities
Robust Risk Management
Supported by independent third-party validation to ensure best practices
Financial Statements
Our annual and interim combined funds financial statements represent the assets under management that are directly backing our debt program.
Issuances
Issue Date
Currency
Outstanding
Coupon
Maturity Date
October 2023
January 2024
CAD
C$2.25 billion
4.90%
June 2, 2033
August 2024
January 2025
CAD
C$3.00 billion
3.40%
June 2, 2030
May 2025
August 2025
CAD
C$3.00 billion
4.00%
June 2, 2035
January 2026
CAD
C$2.00 billion
3.25%
June 2, 2031
Issue Date
October 2023
January 2024
Currency
CAD
Outstanding
C$2.25 billion
Coupon
4.90%
Maturity Date
June 2, 2033
Issue Date
August 2024
January 2025
Currency
CAD
Outstanding
C$3.00 billion
Coupon
3.40%
Maturity Date
June 2, 2030
Issue Date
May 2025
August 2025
Currency
CAD
Outstanding
C$3.00 billion
Coupon
4.00%
Maturity Date
June 2, 2035
Issue Date
January 2026
Currency
CAD
Outstanding
C$2.00 billion
Coupon
3.25%
Maturity Date
June 2, 2031
Diversified Investment Solutions
Guided by our clients’ long-term needs, we operate and invest globally, leveraging our scale, unique structure, world-class expertise, and agility to capture the best opportunities across asset classes.