Date Closed

June 20, 2023

Lead Office

Québec City

Value

400.00 Million CAD

On June 20, 2023 – iA Financial Group completed the offering of $400 million aggregate principal amount of 5.685% fixed/floating unsecured subordinated debentures due June 20, 2033 (the “Debentures”).

The Debentures were offered through a syndicate of agents led by RBC Capital Markets, BMO Capital Markets and Scotiabank, as co-leads and bookrunners, and including, CIBC World Markets, National Bank Financial, TD Securities, iA Private Wealth Inc., Casgrain & Company Limited and UBS Securities Canada Inc.

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 Charles-Antoine Soulière and Vincent Laurin that included Janie Lambert-Roy and Asma Boudoukha (Business), Kabir Jamal and Michel Ranger (Tax).