British Columbia Ferry Services Inc., founded in 1960 and headquartered in British Columbia, Canada, is a government-owned crown corporation dedicated to providing efficient ferry transportation services across the coastal region. With a fleet of over 30 ferries, the company facilitates the movement of passengers and vehicles between the mainland and various islands, playing a crucial role in connecting communities and supporting tourism and trade.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| BCFERR 2.79% 2049-10-15 CADBritish Columbia Ferry Services Inc. | Canada | 2049-10-15 | 2.794 | 4.72 |
| BCFERR 4.29% 2044-04-28 CADBritish Columbia Ferry Services Inc. | Canada | 2044-04-28 | 4.289 | 4.64 |
| BCFERR 4.70% 2043-10-23 CADBritish Columbia Ferry Services Inc. | Canada | 2043-10-23 | 4.702 | 4.63 |
| BCFERR 5.02% 2037-03-20 CADBritish Columbia Ferry Services Inc. | Canada | 2037-03-20 | 5.021 | 4.46 |
| BCFERR 5.58% 2038-01-11 CADBritish Columbia Ferry Services Inc. | Canada | 2038-01-11 | 5.581 | 4.52 |
| BCFERR 6.25% 2034-10-13 CADBritish Columbia Ferry Services Inc. | Canada | 2034-10-13 | 6.250 | 4.05 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
The company has actively utilized bond issuances to finance its operations and expansions, with its first bonds issued in the early 1990s. Notably, in 2017, BC Ferries issued C$200 million in bonds to fund fleet upgrades and terminal improvements, achieving a yield of 3.45%, which was competitive within the transportation sector. As of 2023, their bonds remain attractive to investors, reflecting stability in the ferry service industry. Recent news includes a successful refinancing effort that allows for lower interest rates, benefiting both the company and bondholders.