iA Financial closes offering of C$500 million of unsecured subordinated debentures
On May 26, 2026, iA Financial Group (“iA Financial") closed its previously announced offering of C$500 million aggregate principal amount of 4.158% fixed/floating unsecured subordinated debentures due May 26, 2036.
The debentures were offered through a syndicate of agents led by RBC Capital Markets, BMO Capital Markets and CIBC Capital Markets, as co-leads and bookrunners, and including, National Bank Financial Markets, Scotiabank, TD Securities, iA Private Wealth Inc., Casgrain & Company Limited and UBS Investment Bank.
The debentures will mature on May 26, 2036, and will bear interest at a rate of 4.158% per annum, payable in arrears in equal semi-annual installments on May 26 and November 26 of each year, commencing on November 26, 2026 and continuing until May 26, 2031. From May 26, 2031, interest on the debentures will be payable at a rate per annum equal to daily compounded CORRA plus 1.15% payable quarterly in arrears on the 26th day of each of February, May, August and November in each year, commencing on August 26, 2031.
Further information can be found on Business Wire’s website.
iA Financial is one of the largest insurance and wealth management groups in Canada, with operations in the United States. Founded in 1892, it is an important Canadian public company and is listed on the Toronto Stock Exchange under the ticker symbols IAG (common shares).