Date Closed

February 25, 2022

Lead Office

Toronto

Value

300.00 Million CAD

Shortly after having established its the iA Financial Group Sustainability Bond Framework (the “Framework), on February 25, 2022, iA Financial Corporation Inc. closed an offering of C$300 million of 3.187% sustainable fixed/floating unsecured subordinated debentures due February 25, 2032 (the "Offering") issued as "Sustainability Bonds" under the Framework.

The Offering was made on a best efforts agency basis by a syndicate of agents led by CIBC World Markets Inc., National Bank Financial Inc. and TD Securities Inc., as co-leads and bookrunners, and including BMO Nesbitt Burns Inc., RBC Dominion Securities Inc., Scotia Capital Inc. and iA Private Wealth Inc. CIBC World Markets Inc. and National Bank Financial Inc. were also Co-Sustainability Structuring Advisors.

iA Financial Group is one of the largest insurance and wealth management groups in Canada, with operations in the United States. Founded in 1892, it is one of Canada’s largest public companies and is listed on the Toronto Stock Exchange under the ticker symbols IAG (common shares) and IAF (preferred shares).

McCarthy Tétrault LLP advised the syndicate of agents with a team led by Andrew Parker that included Charles-Antoine Soulière, Laure Fouin, Guillaume Giguère (Business) and Stephanie Dewey (Tax).