By Wendy Van Sickle
Columbus, Ohio, July 9 – IGM Financial Inc. priced C$200 million of 4.174% 30-year debentures on Monday, according to a news release.
BMO Capital Markets Corp. and RBC Capital Markets were the bookrunners.
Proceeds will be used to fund the redemption of all of IGM’s C$375 million aggregate principal amount of 7.35% debentures due April 8, 2019.
IGM Financial is a Winnipeg, Man.-based financial services company.
| Issuer: | IGM Financial Inc.
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| Amount: | C$200 million
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| Description: | Debentures
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| Maturity: | July 13, 2048
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| Bookrunners: | BMO Capital Markets and RBC Capital Markets
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| Coupon: | 4.174%
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| Trade date: | July 9
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| Settlement date: | July 11
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