iA Financial Corporation Inc. announced on December 2, 2024, the issuance of $400 million in 4.131% fixed/floating subordinated debentures maturing December 5, 2034, with closing expected on December 5, 2024. The offering was led by National Bank Financial Inc., RBC Dominion Securities Inc., and TD Securities Inc., with participation from BMO Nesbitt Burns Inc., CIBC World Markets Inc., Scotia Capital Inc., iA Private Wealth Inc., Casgrain & Company Limited, and UBS Securities Canada Inc.

Legal advisors included Torys LLP for iA Financial and McCarthy Tétrault LLP for the agents. Net proceeds of approximately $397.51 million will be used for general corporate purposes. The debentures offer a fixed annual rate of 4.131% until December 5, 2029, then switch to a floating rate based on Daily Compounded CORRA plus 1.35%. The securities are not exchange-listed.