On February 23, 2015, Industrial Alliance Insurance and Financial Services Inc. (Industrial Alliance) completed the offering of $250 million aggregate principal amount of 2.64 per cent 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’ 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).
The agents were represented by McCarthy Tétrault LLP with a team that included Andrew Parker, Charles-Antoine Soulière, Myreille Gilbert (corporate and securities), Barry Ryan (regulatory) and Gabrielle Richards(tax).