Obbligazione Columbia Britannica 0.9% ( US110709AH51 ) in USD

Columbia Britannica

96.61 USD ▲

Canada

US110709AH51 ( in USD )

0.9% per anno ( pagato 2 volte l'anno)

19/07/2026

Prospetto opuscolo dell'obbligazione British Columbia US110709AH51 en USD 0.9%, scadenza 19/07/2026

110709AH5

20/07/2025 ( In 14 giorni )

La British Columbia, provincia canadese occidentale, è nota per le sue spettacolari montagne costiere, le foreste pluviali temperate, e una vivace cultura urbana cosmopolita.

The Obbligazione issued by Columbia Britannica ( Canada ) , in USD, with the ISIN code US110709AH51, pays a coupon of 0.9% per year.
The coupons are paid 2 times per year and the Obbligazione maturity is 19/07/2026

PROSPECTUS SUPPLEMENT
(To prospectus dated June 7, 2021)
US$2,500,000,000
PROVINCE OF BRITISH COLUMBIA
(Canada)
0.900% Bonds, Series BCUSG-12, due July 20, 2026
The bonds are offered for sale in Canada, the United States, and those jurisdictions in Europe and Asia
where it is legal to make such offers.
The bonds bear interest at the rate of 0.900% per year. Interest on the bonds is payable on January 20
and July 20 of each year, beginning January 20, 2022. The bonds will mature on July 20, 2026. The bonds
are not redeemable before maturity, unless certain events occur involving Canadian taxation.
Application will be made for the bonds offered by this prospectus supplement (the "Prospectus
Supplement") to be admitted to the Official List of the Luxembourg Stock Exchange and for such bonds to
be admitted to trading on the Euro MTF Market of the Luxembourg Stock Exchange. The Euro MTF Market
of the Luxembourg Stock Exchange is not a regulated market for the purposes of the Markets in Financial
Instruments Directive (Directive 2014/65/EU). Unless the context otherwise requires, references in this
Prospectus Supplement to the bonds being "listed" shall mean that the bonds have been admitted to trading
on the Euro MTF Market and have been admitted to the Official List of the Luxembourg Stock Exchange.
We have undertaken to the underwriters to use all reasonable efforts to have the bonds listed on the Euro
MTF Market of the Luxembourg Stock Exchange as soon as possible after the closing of the issue. We
cannot guarantee that these applications will be approved, and settlement of the bonds is not conditional on
obtaining the listing. This prospectus supplement together with the prospectus dated June 19, 2012 constitutes a
prospectus for purposes of Part IV of the Luxembourg law on prospectus securities dated July 16, 2019
Investing in the bonds involves risks. See "Risk Factors" beginning on page S-6.
Neither the Securities and Exchange Commission (the "SEC") nor any other regulatory authority has
approved or disapproved of these securities or passed upon the accuracy or adequacy of this Prospectus
Supplement and the accompanying basic prospectus dated June 7, 2021 (the "Basic Prospectus"). Any
representation to the contrary is a criminal offense.
Per bond
Total
Public Offering Price(1)
99.849 %
US$2,496,225,000
Underwriting Discount
0.125 %
US$
3,125,000
Proceeds, before expenses, to the Province(1)
99.724 %
US$2,493,100,000
(1)
Plus accrued interest, if any, from and including July 20, 2021 if settlement occurs after that date.
We expect that the bonds will be ready for delivery in book-entry form only through The Depository
Trust Company and its participants, including CDS Clearing and Depository Services Inc., Clearstream
Banking S.A. and Euroclear Bank SA/NV, on or about July 20, 2021.
BMO Capital
Deutsche Bank
National Bank of
RBC Capital
TD Securities
Markets
Canada Financial
Markets
Markets
The date of this Prospectus Supplement is July 13, 2021.

TABLE OF CONTENTS
Page
Prospectus Supplement
Summary of the Offering
S-4
Risk Factors
S-6
Description of Bonds
S-8
Clearing and Settlement
S-13
Tax Matters
S-17
Underwriting
S-19
Legal Matters
S-25
Authorized Agent in the United States
S-25
Forward-looking Statements
S-25
General Information
S-25
Sources of Information
S-26
Basic Prospectus
About This Prospectus
2
Where You Can Find More Information
3
Forward-Looking Statements
4
General Description Of Province Of British Columbia
4
Description Of Debt Securities And Warrants
4
General
5
Form, Exchange and Transfer
5
Registered Global Securities
6
Payment of Interest and Principal
7
Warrants
7
Canadian Taxation
8
United States Federal Income Taxation
9
United Kingdom Taxation
10
Enforceability and Governing Law
11
Use Of Proceeds
12
Plan Of Distribution
12
Debt Record
13
Legal Matters
13
Authorized Agent
13
Experts And Public Official Documents
13
S-i

Capitalized terms used but not defined herein have the meanings given to them in the Basic Prospectus.
The words "the Province", "we", "our", "ours" and "us" refer to the Province of British Columbia.
References in this Prospectus Supplement to the European Economic Area (the "EEA") and Member
States of the EEA are to the member states of the European Union together with Iceland, Norway and
Liechtenstein.
Unless otherwise specified or the context otherwise requires, references in this Prospectus Supplement
to "$" and "Cdn. $" are to lawful money of Canada and "US$" and "U.S. dollars" are to lawful money of
the United States of America. The daily average exchange rate between the U.S. dollar and the Canadian
dollar published by the Bank of Canada on July 13, 2021 was approximately $1.00 = US$0.7991.
IMPORTANT INFORMATION FOR INVESTORS
We are not, and the underwriters are not, making an offer to sell these securities in any jurisdiction
where the offer or sale is not permitted. Before making an investment decision, you should consult your
legal and investment advisors regarding any restrictions or concerns that may pertain to you and your
particular jurisdiction.
The Basic Prospectus contains or incorporates by reference information regarding the Province and
other matters, including a description of certain terms of the Province's securities, and should be read
together with this Prospectus Supplement. We have not, and the underwriters have not, authorized anyone to
provide any information other than that incorporated by reference or contained in the Basic Prospectus or
this Prospectus Supplement or in any free writing prospectus prepared by or on behalf of us or to which we
have referred you. We take no responsibility for, and can provide no assurance as to the reliability of, any
other information that persons other than those authorized by us may give you.
In connection with the issue of the bonds, the underwriters (or persons acting on their behalf) may
over-allot bonds (provided that, in the case of any bonds to be admitted to trading on the Euro MTF Market
of the Luxembourg Stock Exchange, the aggregate principal amount of bonds allotted does not exceed 105%
of the aggregate principal amount of the bonds subject to the issue) or effect transactions with a view to
supporting the market price of the bonds during the stabilization period at a level higher than that which
might otherwise prevail. However, stabilization may not necessarily occur. Any stabilization action may
begin on or after the date on which adequate public disclosure of the terms of the offer of the bonds is made
and, if begun, may be ended at any time, but it must end no later than the earlier of 30 days after the date on
which the Province received the proceeds of the issue and 60 days after the date of the allotment of the
bonds. Any stabilization action or over-allotment must be conducted by the underwriters (or persons acting
on their behalf) in accordance with all applicable laws and rules and will be undertaken at the offices of the
underwriters (or persons acting on their behalf) and on the Euro MTF Market of the Luxembourg Stock
Exchange.
We expect that delivery of the bonds will be made against payment therefor on or about the date
specified on the cover page of this Prospectus Supplement, which is five business days following the date of
pricing of the bonds (such settlement cycle being herein referred to as "T+5"). You should note that the
trading of the bonds on the date of pricing or the next two succeeding business days may be affected by the
T+5 settlement. See "Underwriting."
Prohibition of Sales to EEA retail investors -- The bonds are not intended to be offered, sold or
otherwise made available to, and should not be offered, sold or otherwise made available to, any retail
investor in the EEA. For these purposes, a retail investor means a person who is one (or more) of: (i) a retail
client as defined in point (11) of Article 4(1) of Directive 2014/65/EU (as amended, "MiFID II"); (ii) a
customer within the meaning of Directive (EU) 2016/97 (as amended, the "IDD"), where that customer
would not qualify as a professional client as defined in point (10) of Article 4(1) of MiFID II; or (iii) not a
qualified investor as defined in Regulation (EU) 2017/1129 (as amended or superseded, the "Prospectus
Regulation"). Consequently no key information document required by Regulation (EU) No 1286/2014 (as
amended, the
S-1

"PRIIPs Regulation") for offering or selling the bonds or otherwise making them available to retail
investors in the EEA has been prepared and therefore offering or selling the bonds or otherwise making
them available to any retail investor in the EEA may be unlawful under the PRIIPs Regulation.
Prohibition of Sales to UK retail investors -- The bonds are not intended to be offered, sold or otherwise
made available to and should not be offered, sold or otherwise made available to any retail investor in the
United Kingdom ("UK"). For these purposes, a retail investor means a person who is one (or more) of: (i) a
retail client, as defined in point (8) of Article 2 of Regulation (EU) No 2017/565 as it forms part of
domestic law by virtue of the European Union (Withdrawal) Act 2018 (as amended, the "EUWA"); (ii) a
customer within the meaning of the provisions of the Financial Services and Markets Act 2000 (as amended,
the "FSMA") and any rules or regulations made under the FSMA to implement the IDD, where that
customer would not qualify as a professional client, as defined in point (8) of Article 2(1) of Regulation
(EU) No 600/2014 as it forms part of domestic law by virtue of the EUWA; or (iii) not a qualified investor
as defined in Article 2 of the Prospectus Regulation as it forms part of domestic law by virtue of the EUWA.
No key information document required by the PRIIPS Regulation as it forms part of domestic law by virtue
of the EUWA (the "UK PRIIPs Regulation") for offering or selling the bonds or otherwise making them
available to retail investors in the UK has been prepared and the bonds will not be offered or sold or
otherwise made available to any retail investor in the UK.
UK MiFIR product governance -- Solely for the purposes of the manufacturer's product approval
process, the target market assessment in respect of the bonds has led to the conclusion that: (i) the target
market for the bonds is only eligible counterparties, as defined in the FCA Handbook Conduct of Business
Sourcebook, and professional clients, as defined in Regulation (EU) No 600/2014 as it forms part of
domestic law by virtue of the EUWA; and (ii) all channels for distribution of the bonds to eligible
counterparties and professional clients are appropriate. Any person subsequently offering, selling or
recommending the bonds (solely for the purposes of this paragraph, a "distributor") should take into
consideration the manufacturer's target market assessment; however, a distributor subject to the FCA
Handbook Product Intervention and Product Governance Sourcebook (the "UK MiFIR Product Governance
Rules") is responsible for undertaking its own target market assessment in respect of the bonds (by either
adopting or refining the manufacturer's target market assessment) and determining appropriate distribution
channels. The Province does not make any representations or warranties as to a distributor's compliance
with the UK MiFIR Product Governance Rules.
All bonds shall be prescribed capital markets products (as defined in Singapore's Securities and Futures
(Capital Markets Products) Regulations) and Excluded Investment Products (as defined in MAS Notice SFA
04-N12; Notice on the Sale of Investment Products and MAS Notice FAA-N16; Notice on
Recommendations on Investment Products).
The bonds may not be a suitable investment for al investors
Each potential investor in the bonds must determine the suitability of that investment in light of its own
circumstances. In particular, each potential investor should:
(i) have sufficient knowledge and experience to make a meaningful evaluation of the bonds, the
merits and risks of investing in the bonds and the information contained or incorporated by
reference in the Basic Prospectus and this Prospectus Supplement;
(ii) have access to, and knowledge of, appropriate analytical tools to evaluate, in the context of its
particular financial situation, an investment in the bonds and the impact the bonds will have on its
overall investment portfolio;
(iii) have sufficient financial resources and liquidity to bear all of the risks of an investment in the
bonds, including where the currency for principal or interest payments is different from the
potential investor's currency;
(iv) understand thoroughly the terms of the bonds and be familiar with the behavior of any relevant
indices and financial markets; and
(v) be able to evaluate (either alone or with the help of a financial advisor) possible scenarios for
economic, interest rate and other factors that may affect its investment and its ability to bear the
applicable risks.
S-2

Legal investment considerations may restrict investments in, or the ability to pledge, the bonds, limiting the market
for resales
The investment activities of certain investors are subject to legal investment laws and regulations, or
review or regulation by certain authorities. Each potential investor should consult its legal advisors to
determine whether and to what extent (1) the bonds are legal investments for it, (2) the bonds can be used as
collateral for various types of borrowing and (3) other restrictions apply to its purchase or pledge of any
bonds. Financial institutions should consult their legal advisors or the appropriate regulators to determine
the appropriate treatment of the bonds under any applicable risk-based capital or similar rules. These
restrictions may limit the market for the bonds.
You may assume that the information appearing in this Prospectus Supplement and the Basic
Prospectus, as well as the information we previously filed with the SEC and incorporated by reference, is
accurate in all material respects as of the date of such document. Please see "Where You Can Find More
Information" in the Basic Prospectus.
We have filed a registration statement with the SEC covering the portion of the bonds to be sold in the
United States or in circumstances where registration of the bonds is required. For further information about
us and the bonds, you should refer to our registration statement and its exhibits. This Prospectus
Supplement and the Basic Prospectus summarize material provisions of the agreements and other documents
that you should refer to. Because the Prospectus Supplement and the Basic Prospectus may not contain all
of the information that you may find important, you should review the full text of these documents and the
documents incorporated by reference in the Basic Prospectus.
MiFID II product governance -- Solely for the purposes of the manufacturer's product approval
process, the target market assessment in respect of the bonds has led to the conclusion that: (i) the target
market for the bonds is eligible counterparties and professional clients only, each as defined in MiFID II;
and (ii) all channels for distribution of the bonds to eligible counterparties and professional clients are
appropriate. Any person subsequently offering, selling or recommending the bonds (solely for the purposes
of this paragraph, a "distributor") should take into consideration the manufacturer's target market
assessment; however, a distributor subject to MiFID II is responsible for undertaking its own target market
assessment in respect of the bonds (by either adopting or refining the manufacturer's target market
assessment) and determining appropriate distribution channels. The Province does not make any
representations or warranties as to a distributor's compliance with MiFID II.
We file reports and other information with the SEC in the United States.
Information filed by the Province is available from the SEC's Electronic Data Gathering, Analysis, and
Retrieval System (http://www.sec.gov), which is commonly known by the acronym EDGAR, as well as
from commercial document retrieval services. Our website address is www.gov.bc.ca. The information
contained on, or accessible through, our website does not constitute a part of this Prospectus Supplement or
Basic Prospectus. We have included our website address in this Prospectus Supplement solely as an inactive
textual reference.
S-3

SUMMARY OF THE OFFERING
This summary must be read as an introduction to this Prospectus Supplement and the accompanying
Basic Prospectus and any decision to invest in the bonds should be based on a consideration of such
documents taken as a whole, including the documents incorporated by reference.
Issuer:
The Province of British Columbia.
Legal Entity Identifier (LEI): 54930058TO7MEKUHWL16
Aggregate principal amount: US$2,500,000,000.
Interest rate:
0.900% per year.
Maturity date:
July 20, 2026.
Interest payment dates:
January 20 and July 20 of each year, beginning on January 20, 2022.
Interest commencement:
Interest will accrue from July 20, 2021.
Interest calculations:
Based on a 360-day year of twelve 30-day months.
Ranking:
The bonds will be direct and unconditional general obligations of the
Province and will rank equally with all of our other unsecured and
unsubordinated indebtedness.
Redemption:
We may not redeem the bonds prior to maturity, unless certain events occur
involving Canadian taxation.
Proceeds:
After deducting the underwriting discount and our estimated expenses of
US$194,000, our net proceeds will be approximately US$2,492,906,000.
Markets:
The bonds are offered for sale in Canada, the United States, and those
jurisdictions in Europe and Asia where it is legal to make such offers.
Listing:
We will apply to have the bonds admitted to trading on the Euro MTF
Market of the Luxembourg Stock Exchange. We have undertaken to the
underwriters to use all reasonable efforts to have the bonds listed on the
Euro MTF Market of the Luxembourg Stock Exchange and to trading on the
Luxembourg Stock Exchange's Euro MTF Market as soon as possible after
the closing of the issue. We cannot guarantee that these applications will be
approved, and settlement of the bonds is not conditional on obtaining the
listing.
Form of bond:
The bonds will be issued in the form of one or more fully registered
permanent global bonds held in the name of Cede & Co., as nominee of The
Depository Trust Company, known as DTC, and will be recorded in a
register held by The Bank of New York Mellon, as registrar. Beneficial
interests in the global bonds will be represented through book-entry accounts
of financial institutions acting on behalf of beneficial owners as direct and
indirect participants in DTC. Investors may elect to hold interests in the
global bonds through any of DTC (in the United States), CDS Clearing and
Depository Services Inc., known as CDS (in Canada), Clearstream Banking
S.A., known as Clearstream, or Euroclear Bank SA/NV as operator of the
Euroclear System or any successor in that capacity, known as Euroclear (in
Europe and Asia), if they are participants in such systems, or indirectly
through organizations which are participants in such systems. CDS will hold
interests directly through its account at DTC and Clearstream and Euroclear
will hold interests as indirect participants in DTC.
S-4

Except in limited circumstances, investors will not be entitled to have bonds
registered in their names, will not receive or be entitled to receive bonds in
definitive form and will not be considered registered holders thereof under
the fiscal agency agreement between the Province and The Bank of New
York Mellon, relating to the bonds.
The bonds will only be sold in minimum aggregate principal amounts of
US$5,000 and integral multiples of US$1,000 for amounts in excess of
US$5,000.
Withholding tax:
Principal of and interest on the bonds are payable by the Province without
withholding or deduction for Canadian withholding taxes to the extent set
forth herein.
Risk factors:
We believe that the following factors represent the principal risks inherent in
investing in the bonds: there is no active trading market for the bonds and an
active trading market may not develop; the bonds are subject to modification
and waiver of conditions in certain circumstances; exchange rates may affect
the value of judgments in Canadian currency; because the bonds are held by
or on behalf of DTC, investors will have to rely on its procedures for
transfer, payment and communication with us; the laws governing the bonds
may change; investors may be subject to exchange rate risks and/or
exchange controls; and we have ongoing ordinary course business
relationships with certain of the underwriters and their affiliates that could
create the potential for, or perception of, conflict among the interests of
underwriters and prospective investors.
The Province may be contacted at the Ministry of Finance, Provincial Treasury, Debt Management
Branch, P.O. Box 9423 Stn. Prov. Govt., 620 Superior Street, Victoria, British Columbia, Canada V8W 9V1
and may be telephoned at (778) 698-5908.
Recent Developments
The COVID-19 pandemic has had, and is currently having, an adverse impact on global financial
markets and the global economy, including the economy of British Columbia. In response, the Province
implemented a comprehensive action plan to ensure the safety of British Columbians and support the
economy. On May 25, 2021, the Province began step-one of a four-step gradual re-start plan (the "Plan"),
starting with the easing of restrictions on social connections, businesses and activities. On June 15, 2021,
the Province began step-two of the Plan and the Province began step-three of the Plan on July 1, 2021.
Subject to achieving certain COVID-19 vaccination, case and hospitalization criteria, the Province expects
to begin step-four of the Plan on September 7, 2021. See Amendment No. 3 to the Province's Annual
Report, filed with the SEC on Form 18-K/A on April 26, 2021 and incorporated herein by reference, for the
latest fiscal and economic forecast. The COVID-19 pandemic has made it difficult to quantify the
uncertainties stemming from the global pandemic. This significant uncertainty makes forecasting more
difficult and the economic planning assumptions underlying such forecasts may quickly be rendered out of
date due to rapidly changing global circumstances. The spread of COVID-19 and the measures taken to
contain its spread on a global scale may continue to have adverse impacts on the Province's revenues and
expenditures, and on the economy of British Columbia.
S-5

RISK FACTORS
We believe that the following factors may be material for the purpose of assessing the market risks
associated with the bonds and the risks that may affect our ability to fulfill our obligations under the bonds.
We believe that the factors described below represent the principal risks inherent in investing in the
bonds but we do not represent that the statements below regarding the risks of investing in the bonds are
exhaustive. Prospective investors should also read the detailed information set out elsewhere in this
Prospectus Supplement and the Basic Prospectus (including any documents incorporated by reference
herein or therein) and reach their own views prior to making any investment decision.
There is no active trading market for the bonds and an active trading market may not develop
The bonds will be new securities which may not be widely distributed and for which there is currently
no active trading market. No assurance can be given as to the liquidity of the trading market for the bonds or
that an active trading market will develop. If the bonds are traded after their initial issuance, they may trade
at a discount to their initial offering price, depending upon prevailing interest rates, the market for similar
securities, general economic conditions and our financial condition. If an active trading market does not
develop, investors may not be able to sell their bonds at prices that will provide them with a yield
comparable to similar investments that have a more highly developed secondary market. We have
undertaken to the underwriters to use all reasonable efforts to have the bonds listed on the Euro MTF
Market of the Luxembourg Stock Exchange as soon as possible after the closing of the issue. We cannot
guarantee that our application to list the bonds will be approved, and settlement of the bonds is not
conditional on obtaining the listing.
The bonds are subject to modification and waiver of conditions in certain circumstances
The terms of the bonds contain provisions for calling meetings of registered holders to consider matters
affecting their interests generally. These provisions permit defined majorities to approve, by extraordinary
resolution (as defined below under "Description of Bonds--Modification"), certain modifications or
amendments to the fiscal agency agreement and the bonds that bind all registered holders, including
registered holders who did not attend and vote at the relevant meeting and registered holders who voted in a
manner contrary to the majority.
The terms of the bonds also provide that the parties to the fiscal agency agreement will be able to enter
into agreements supplemental to the fiscal agency agreement to create and issue further bonds ranking
equally and ratably with the bonds in all respects, or in all respects other than in respect of the date from
which interest will accrue and the first interest payment date, and that such further bonds shall be
consolidated and form a single series with the bonds and shall have the same terms as to status, redemption
or otherwise as the bonds.
The terms of the bonds also provide that the parties to the fiscal agency agreement will be able to
amend the fiscal agency agreement and the bonds without notice to or consent of the registered holders for
the purpose of curing any ambiguity or of curing, correcting or supplementing any defective provisions
therein, or effecting the issue of further bonds as described above or in any other manner the Province may
deem necessary or desirable and which in the reasonable opinion of the parties to the fiscal agency
agreement will not adversely affect the interests of the registered holders.
Exchange rates may affect the value of judgments in Canadian currency
The Currency Act (Canada) precludes a court in Canada from giving judgment in any currency other
than Canadian currency. The Foreign Money Claims Act (British Columbia) provides that if the Supreme
Court of British Columbia considers that a person in whose favour an order for the payment of money is to
be made will be most truly and exactly compensated if all or part of the money payable under the order is
measured in a currency other than Canadian currency, the court must order that the money payable under the
order will be that amount of Canadian currency that is necessary to purchase the equivalent amount of the
other currency at a chartered bank in British Columbia at the close of business on the conversion date. The
Foreign Money Claims Act (British Columbia) defines conversion date, in effect, as the last day before the
day on which a payment under the order is made that the relevant chartered bank quotes a Canadian dollar
equivalent to the other currency. The Foreign Money Claims Act (British Columbia) and the Foreign Money
S-6

Claims Regulation made under it also provide, in effect, that, subject to the discretion of the court, interest
payable after the date of an order to which the Foreign Money Claims Act (British Columbia) applies shall
accrue at the applicable foreign prime rate (as described in the Foreign Money Claims Regulation) until
payment. Holders would bear the risk of exchange rate fluctuations between the time the Canadian dollar
amount of the judgment is calculated and the time the holders receive payment.
Because the bonds are held by or on behalf of DTC, investors wil have to rely on its procedures for transfer,
payment and communication with us
The bonds will be deposited with DTC. Except in limited circumstances, investors will not be entitled
to receive bonds in definitive form. DTC's records will reflect only the identity of direct DTC participants
to whose accounts the bonds are credited. Direct and indirect participants in DTC will be responsible for
keeping records of the beneficial ownership of bonds on behalf of their customers. Investors will be able to
trade their beneficial interests only through DTC and its direct and indirect participants.
We will discharge our payment obligations under the bonds by making payments to DTC for
distribution to its account holders. A holder of a beneficial interest in the bonds must rely on the procedures
of DTC to receive payments under the bonds. We have no responsibility or liability for the records relating
to, or payments made in respect of, beneficial interests in the bonds.
Holders of beneficial interests in the bonds will not have a direct right to vote in respect of the bonds.
Instead, such holders will be permitted to act only to the extent that they are enabled by DTC to appoint
proxies. Similarly, holders of beneficial interests in the bonds will not have a direct right under the bonds to
take enforcement action against us in the event of a default under the bonds.
The laws governing the bonds may change
The terms of the bonds are based on the laws of the Province of British Columbia and the federal laws
of Canada applicable therein in effect as at the date of this Prospectus Supplement. No assurance can be
given as to the impact of any possible judicial decision or change to the laws of the Province of British
Columbia or the federal laws of Canada applicable therein or administrative practice after the date of this
Prospectus Supplement.
Investors may be subject to exchange rate risks and exchange controls
We will pay principal and interest on the bonds in the currency of the United States. This presents
certain risks relating to currency conversions if an investor's financial activities are denominated principally
in a currency or currency unit (the "Investor's Currency") other than the currency of the United States.
These include the risk that exchange rates may significantly change (including changes due to devaluation
of the currency of the United States or revaluation of the Investor's Currency) and the risk that authorities
with jurisdiction over the Investor's Currency may impose or modify exchange controls. An appreciation in
the value of the Investor's Currency relative to the currency of the United States would decrease (1) the
Investor's Currency-equivalent yield on the bonds, (2) the Investor's Currency-equivalent value of the
principal payable on the bonds and (3) the Investor's Currency-equivalent market value of the bonds.
Government and monetary authorities may impose (as some have done in the past) exchange controls
that could adversely affect an applicable exchange rate. As a result, investors may receive less interest or
principal than expected, or no interest or principal.
Investment in the bonds involves the risk that subsequent changes in market interest rates may
adversely affect the value of the bonds.
Certain of the underwriters may have real or perceived conflicts of interest
Certain of the underwriters and their affiliates have engaged, and may in the future engage, in
investment banking and/or commercial banking transactions with, and may perform services for, the
Province in the ordinary course of business and such activities could create the potential for or perception of
conflict among the interests of the underwriters and prospective investors.
S-7

DESCRIPTION OF BONDS
General
The 0.900% Bonds, Series BCUSG-12, due July 20, 2026 offered hereby in the aggregate principal
amount of US$2,500,000,000 will be issued subject to a fiscal agency agreement to be dated as of July 20,
2021, between the Province and The Bank of New York Mellon as registrar, fiscal agent, transfer agent and
principal paying agent (the "fiscal agent").
The information contained in this section and in the Basic Prospectus summarizes the terms of the
bonds and the fiscal agency agreement. You should read the information set forth below together with the
section "Description of Debt Securities and Warrants" in the Basic Prospectus, which summarizes the
general terms of the bonds and the fiscal agency agreement. This Prospectus Supplement describes the terms
of the bonds in greater detail than the Basic Prospectus and may provide information that differs from the
Basic Prospectus. If the information in this Prospectus Supplement differs from the Basic Prospectus, you
should rely on the information in this Prospectus Supplement. You should also read the fiscal agency
agreement and the exhibits thereto, including the form of Global Bonds (as defined below), for a full
description of the terms of the bonds. A copy of the fiscal agency agreement and its exhibits will be
available for inspection at our offices.
References to principal and interest in respect of the bonds shall be deemed also to refer to any
additional amounts which may be payable as described below. See "--Payment of Additional Amounts".
Status of the bonds
The bonds will be direct and unconditional general obligations of the Province. The bonds will not be
secured but will rank equally and ratably with all of the Province's other unsecured and unsubordinated
indebtedness outstanding from time to time without any preference granted by the Province. Payments of
principal of and interest on the bonds will be payable out of the Consolidated Revenue Fund of British
Columbia.
Form, Denomination and Registration
The bonds will be issued in the form of one or more fully registered global bonds (the "Global Bonds")
registered in the name of Cede & Co., as nominee of DTC, and held by the fiscal agent. Beneficial interests
in the Global Bonds will be represented through book-entry accounts of financial institutions acting on
behalf of beneficial owners as direct and indirect participants in DTC. Investors may elect to hold interests
in the Global Bonds directly through DTC (in the United States), CDS (in Canada) or through Clearstream
Banking S.A. ("Clearstream") or Euroclear Bank SA/NV, as operator of the Euroclear System ("Euroclear")
(in Europe and in Asia) if they are participants in such systems, or through organizations which are
participants in such systems. CDS will hold interests on behalf of its participants directly through its
account at DTC and Clearstream and Euroclear will hold interests on behalf of their participants through
customers' securities accounts in Clearstream and Euroclear's names on the books of their respective
depositaries ("U.S. Depositaries"), which in turn will hold such interests in customers' securities accounts
in the U.S. Depositaries' names on the books of DTC. Except in the limited circumstances described herein,
owners of beneficial interests in the Global Bonds will not be entitled to have bonds registered in their
names, will not receive or be entitled to receive bonds in definitive form and will not be considered
registered holders thereof under the fiscal agency agreement. See "--Title" and "--Definitive Certificates".
The bonds will only be sold in minimum principal amounts of US$5,000 and integral multiples of
US$1,000 in excess thereof.
All bonds will be recorded in a register maintained by the fiscal agent under the fiscal agency
agreement, and will be registered in the name of Cede & Co., for the benefit of owners of beneficial
interests in the Global Bonds, including those beneficial owners which are participants in CDS, Clearstream
and Euroclear. The register shall at all times be kept in the City of New York or at such other office
reasonably satisfactory to the Province.
The fiscal agent will not impose any service charge on the registered holder for any registration of
transfer or exchange of bonds, other than reasonable fees for the replacement of lost, stolen, mutilated,
defaced or
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