Industrial Alliance Insurance and Financial Services Inc. completes C$250m 2.64% Fixed/Floating Subordinated Debentures Offering

On February 23, 2015, Industrial Alliance Insurance and Financial Services Inc. (Industrial Alliance) completed the offering of C$250m aggregate principal amount of 2.64% Fixed/Floating Subordinated Debentures due February 23, 2027. The offering was made under a shelf prospectus dated April 10, 2013 and pursuant to a prospectus supplement dated February 18, 2015.

The transaction was completed on an agency basis by a syndicate led by TD Securities (as sole lead and bookrunner), RBC Capital Markets, Scotia Capital, BMO Capital Markets, National Bank Financial, CIBC World Markets and Industrial Alliance Securities.

Industrial Alliance's legal team included Douglas Carrothers, Vice-President, Legal Services and Corporate Secretary, Jennifer Dibblee, Director, Corporate Affairs, Legal Department and Chantale Blais, Legal Counsel.

Norton Rose Fulbright Canada LLP acted as legal counsel to Industrial Alliance. The team was led by Thierry Dorval, and included Catherine Simard, Renée Loiselle (corporate and securities) and Jules Charette (tax).