Date Closed

September 16, 2016

Lead Office

Toronto

Value

400.00 Million CAD

On September 16, 2016, Industrial Alliance Insurance and Financial Services Inc. (Industrial Alliance) completed the offering of $400 million aggregate principal amount of 3.30% Fixed/Floating Subordinated Debentures due September 15, 2028. The offering was made under a shelf prospectus dated April 16, 2015 and pursuant to a prospectus supplement dated September 13, 2016. The transaction was completed on an agency basis by a syndicate led by TD Securities, as sole lead and bookrunner, and consisting of CIBC World Markets, RBC Capital Markets, BMO Capital Markets, Industrial Alliance Securities, National Bank Financial and Scotia Capital.

The agents were represented by McCarthy Tétrault LLP with a team that included Andrew Parker, Charles-Antoine Soulière, Julien Langlois (corporate and securities), Barry J. Ryan (regulatory) and Gabrielle Richards (tax).