Biggest stock and debt deals of 2016

Ranked by size of the deal in CAD

Published April 4, 2017. One of two lists that make up the Top 100 Corporate Finance Deals of 2016. See also biggest non-mining mergers and acquistions of 2016 . Sources: Interviews with companies below, agents and/or advisers and BIV research. Foreign currency has been converted using Bank of Canada's closing rate on date of deal closing. See also biggest B.C. mining mergers and acquisitions

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Rank '17FootnotesRecipient companySectorDate deal closedDeal descriptionPartial list of law firms involvedPartial list of underwriters and advisers involvedDeal value (CAD) Amount raised
1 Province of British Columbia
Government March, May, June and\nSeptember 2016 Four bond offerings by the Province of British Columbia: $500 million each in March and May, US$750 million in June, and $500 million in September Davis Polk & Wardwell LLP, Farris, Vaughan, Wills & Murphy LLP, Shearman & Sterling LLP $2,250,000,000
2 Teck Resources Ltd
Mining 6/7/2016 Offering of senior unsecured guaranteed notes BMO, Bank of America Merrill Lynch, Barclays, CIBC, Citigroup, Deutsche Bank, Goldman Sachs, JP Morgan, Morgan Stanley, RBC Capital Markets, Scotia, TD $1,596,375,000
3 Ritchie Bros Auctioneers Inc
Industrial 10/27/2016 US$675 million revolving credit facility to support operating cash flow needs and higher business volumes, US$325 million delayed-draw term loan to fund portion of acquisition of IronPlanet Borden Ladner Gervais LLP, Lawson Lundell LLP, Moore & Van Allen LLP Bank of America N.A., Merrill Lynch, Pierce, Fenner & Smith Inc, RBC Capital Markets $1,338,700,000
4 Province of British Columbia
Government 5/25/2016 Telus completed its $750 million offering of 2.25% notes due June 2, 2026 BMO, HSBC, National Bank, RBC Capital Markets $976,650,000
5 Telus
Telecommunication 9/19/2016 Telus completed its US$600 million offering of 2.8% senior unsecured notes due February 16, 2027; notes were offered at US$999.89 for an effective yield of 2.891% Bank of America Merrill Lynch, RBC Capital Markets, TD, Wells Fargo $785,988,191

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Business in Vancouver makes every attempt to publish accurate information in the List, but accuracy cannot be guaranteed. Lists are researched by Carrie Schmidt and Anna Liczmanska. For questions or to provide feedback, please contact us by email,

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