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BC Ferries has announced that is issuing $250 million in senior secured bonds.
They will return 2.794% a year in interest, the corporation said.
The bonds will mature in 30 years.
BC Ferries has entered into an agency agreement with a syndicate of investment banks to issue the bonds.
The issue will close on Oct. 15.
Money raised from the sales will be used for capital expenditures and general corporate purposes.