TSX:IAGInsurance
Major Subordinated Debenture Issue Might Change The Case For Investing In iA Financial (TSX:IAG)
In May 2026, iA Financial Group completed a CA$500,000,000 offering of fixed-to-floating, unsecured subordinated debentures maturing May 26, 2036, paying 4.158% until 2031 and then Daily Compounded CORRA plus 1.15% thereafter.
This investment-grade subordinated debt issue, sold at par with a small discount and strong DBRS and S&P ratings, meaningfully reshapes the company’s capital structure and financial flexibility.
Next, we’ll examine how this CA$500,000,000 subordinated debenture...