iA Financial Group launches $500M debt offering due 2036 amid funding push

2026-05-22 10:45:14 ET

• iA Financial Group ( IAFNF ) announced on Friday a $500M offering of 4.158% fixed/floating unsecured subordinated debentures due May 26, 2036.
• The offering is expected to close around May 26, 2026.
• The offering proceeds will be used for general corporate purposes, including investments in subsidiaries and debt repayment.
• The debentures will pay a fixed interest rate of 4.158% annually until May 26, 2031, with payments made every six months starting Nov. 26, 2026.
• After May 26, 2031, the interest rate will switch to Daily Compounded CORRA + 1.15%, with payments made quarterly.
• The debentures will mature on May 26, 2036, giving investors a 10-year term investment.
• Source: Press Release

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