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Great-West Lifeco announces pricing of Euro500 million senior fixed rate euro bonds
Great-West Lifeco announces pricing of €500 million senior fixed rate euro bonds ...
About this update from Great-west Lifeco Inc.
[{"type":"text","content":"\n \n \n \n Great-West Lifeco announces pricing of €500 million senior fixed rate euro bonds\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n TSX:GWO\n \n \n \n \n /NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN\n \n THE UNITED STATES\n \n OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL./\n \n \n \n \n \n WINNIPEG, MB\n \n \n ,\n \n \n Nov. 9, 2022\n \n \n /CNW/ - Great-West Lifeco Inc. announced today the pricing of €500 million senior fixed rate euro bonds. This is Great-West Lifeco's third debt issuance in the euro market.\n \n \n \n The €500 million, 7-year bonds are denominated in euros and will pay an annual coupon of 4.700%, priced at par. The bonds are expected to be rated A+ by S&P Global Ratings (acting through Standard & Poor's Financial Services LLC) and A by Fitch Ratings, Inc. An application will be made for the bonds to be listed on the Global Exchange Market of Euronext Dublin. The transaction is expected to close on or around\n \n November 16, 2022\n \n . Net proceeds of the transaction will be used for general corporate purposes.\n \n \n \n The offering was made through Barclays Bank PLC, BNP Paribas and J.P. Morgan Securities plc as Active Joint Bookrunners on behalf of a syndicate of managers.\n \n \n \n About Great-West Lifeco Inc.\n \n \n Great-West Lifeco is an international financial services holding company with interests in life insurance, health insurance, retirement and investment services, asset management and reinsurance businesses. We operate in\n \n Canada\n \n ,\n \n the United States\n \n and\n \n Europe\n \n under the brands Canada Life, Empower, Putnam Investments, and\n \n Irish Life\n \n . At the end of 2021, our companies had approximately 28,000 employees, 215,000 advisor relationships, and thousands of distribution partners – all serving over 33 million customer relationships across these regions. Great-West Lifeco trades on the Toronto Stock Exchange (TSX) under the ticker symbol GWO and is a ...