Transactions & Cases Detail
The Empire Life Insurance Company completes C$200M subordinated debenture issuance
September 15, 2017
200 Million CAD
On September 15, 2017, The Empire Life Insurance Company (the “Corporation”) issued C$200 million principal amount of subordinated unsecured 3.664% fixed/floating debentures due March 15, 2028 (the “Debentures”). The Debentures were offered by way of private placement on an agency basis by a syndicate of dealers, led by BMO Nesbitt Burns Inc. and CIBC World Markets Inc., and which included Scotia Capital Inc., GMP Securities L.P., National Bank Financial Inc., RBC Dominion Securities Inc., and TD Securities Inc.