IGM Financial completes C$400 million debenture offering

Torys acted as counsel to a group of agents co-led by BMO Capital Markets, CIBC Capital Markets and Scotiabank with a team that included David Seville, Michael Murphy and Andrea Das-Wieczorek (corporate/securities).

On June 2, 2026, IGM Financial Inc. (“IGM”) completed its previously announced offering of C$400 million debenture offering, including C$200 million principal amount of 4.407% debentures due June 2, 2036 and C$200 million principal amount of 5.002% debentures due June 2, 2056.

The debentures were offered on a best-efforts basis through a group of agents co-led by BMO Capital Markets, CIBC Capital Markets and Scotiabank, by way of private placement.

Net proceeds of the offering will be used by IGM to fund the intended redemption of all of its C$400 million aggregate principal amount of 3.44% debentures due January 26, 2027.

Further information can be found on Canada Newswire’s website.

IGM Financial is a leading Canadian diversified wealth and asset management organization with approximately C$326 billion in total assets under management and advisement as of April 30, 2026