On October 30, 2026, the City of Vancouver issued $175 million of 4.35% sinking fund debentures due October 30, 2036. The debentures were sold by a syndicate of investment dealers jointly led by BMO Nesbitt Burns Inc., CIBC World Markets Inc. and National Bank Financial Inc. as joint-lead managers.

The City of Vancouver is one of the largest and most important municipalities in Canada. The proceeds of the debentures will be used for street and bridge infrastructure, traffic signals and street lighting, renewal and upgrades of community facilities and other civic facilities, neighbourhood energy utility, sewer and drainage and other uses supporting the City’s capital plan.

Farris has assisted the City of Vancouver in issuing over $1 billion of debentures over the past decade.

The City of Vancouver was represented by a Farris transaction team including partner David Selley and associate Doris Wang.