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iA Financial Group Announces Offering of $300 million of 3.187% Fixed/Floating Unsecured Subordinated Debentures
iA Financial Group Announces Offering of $300 million of 3.187% Fixed/Floating Unsecured ...
About this update from Ia Financial Corporation Inc.
[{"type":"text","content":"\n \n \n \n iA Financial Group Announces Offering of $300 million of 3.187% Fixed/Floating Unsecured Subordinated Debentures\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.prnpl6{\nPADDING-LEFT:0.50em\n}\n.prnpr6{\nPADDING-RIGHT:0.50em\n}\n.prnsblb0{\nBORDER-LEFT:black 0pt\n}\n.prnsbt0{\nBORDER-TOP:0pt\n}\n.prnvab{\nVERTICAL-ALIGN: BOTTOM\n}\n.prnrbrb0{\nBORDER-RIGHT:black 0pt\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prnsbl0{\nBORDER-LEFT:0pt\n}\n.prnsbr0{\nBORDER-RIGHT:0pt\n}\n.prnsbtb0{\nBORDER-TOP:black 0pt\n}\n.prnsbb0{\nBORDER-BOTTOM:0pt\n}\n.prntal{\nTEXT-ALIGN: LEFT\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n /NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n ./\n \n \n \n QUÉBEC CITY,\n \n Feb. 22, 2022\n \n /CNW/ - iA Financial Group (the \"\n \n Company\n \n \") announced today an offering of\n \n $300 million\n \n aggregate principal amount of 3.187% fixed/floating unsecured subordinated debentures (the \"\n \n Debentures\n \n \") due February 25, 2032 (the \"\n \n Offering\n \n \").\n \n \n The Debentures will be issued as \"Sustainability Bonds\" under the iA Financial Group Sustainability Bond Framework (the \"\n \n Framework\n \n \") and will represent iA Financial Corporation's inaugural sustainability bonds. The Framework is available on the Company's website at\n \n www.ia.ca\n \n .\n \n \n The Offering is expected to close on or about\n \n February 25, 2022\n \n . The Company intends to use an amount equal to the net proceeds from the sale of the Debentures to finance or re-finance, in part or in full, new and/or existing Eligible Assets within each of the Green Eligible Categories and Social Eligible Categories, all as defined in the Framework.\n \n \n The Debentures will mature on\n \n February 25, 2032\n \n . Interest on the Debentures at the rate of 3.187% per annum will be payable in arrears in equal semi-annual installments on\n \n February 25\n \n and\n \n August 25\n \n , in each year, commencing on\n \n August 25, 2022\n \n and continuing until\n \n February 25\n \...