Industrial Alliance Insurance to redeem 3.3% subordinated debentures

By Mary-Katherine Stinson

Lexington, Ky., Aug. 14 – Industrial Alliance Insurance and Financial Services Inc. (iA Financial Group) will redeem its 3.3% subordinated debentures due Sept. 15, 2028 on Sept. 15, according to a notice from the company.

The company will redeem the debentures at C$1,016.50 for each C$1,000 principal amount, which is equal to par plus accrued interest.

Debentures must be surrendered to Computershare Trust Co. of Canada for the redemption.

iA Financial Group is a Canadian insurance company based in Quebec City.

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