iA Financial arranges $500-million debenture offering

Executive Summary

• iA Financial Corp. Inc. has announced an offering of $500 million aggregate principal amount of 4.158% fixed/floating unsecured subordinated debentures due May 26, 2036.
• The net proceeds will be used for general corporate purposes, including investments in subsidiaries and repayment of indebtedness.
• The offering is being managed by a syndicate of agents led by RBC Capital Markets, BMO Capital Markets, and CIBC Capital Markets on a best-efforts agency basis.

Key Details

• Instrument: 4.158% fixed/floating unsecured subordinated debentures.
• Aggregate Principal Amount: $500 million.
• Maturity Date: May 26, 2036.
• Interest Rate Structure:
  • Fixed Period: 4.158% per annum, payable in arrears semi-annually on May 26 and Nov 26, commencing Nov 26, 2026, and continuing until May 26, 2031.
  • Floating Period: From May 26, 2031, interest is payable at a rate per annum equal to daily compounded CORRA (Canadian overnight repo rate average) plus 1.15%, payable quarterly in arrears on Feb 26, May 26, Aug 26, and Nov 26, commencing Aug 26, 2031.
• Use of Proceeds: General corporate purposes, which may include investments in subsidiaries and repayment of indebtedness.
• Underwriters/Agents: Best-efforts agency basis led by RBC Capital Markets, BMO Capital Markets, and CIBC Capital Markets (co-leads and bookrunners). Other participants include National Bank Financial Markets, Scotiabank, TD Securities, iA Private Wealth Inc., Casgrain & Company Ltd., and UBS Investment Bank.
• Regulatory Framework: Offered in each province of Canada under a shelf prospectus supplement to the company's short-form base shelf prospectus dated May 12, 2026.
• Prospectus Access: Documents accessible on SEDAR+ within two business days; copies available from RBC Dominion Securities, BMO Capital Markets, or CIBC Capital Debt Syndication.

Notable Quotes

• None provided in the text.