CI Financial ( (TSE:CIX) ) just unveiled an announcement.
CI Financial Corp. has announced a debenture offering of $500 million with a 4.75% interest rate, maturing in 2028, to refinance existing debt and for general corporate purposes. This move, led by major financial institutions, is expected to maintain the company’s stable credit rating and enhance its financial flexibility, potentially impacting its market positioning and stakeholder interests positively.
More about CI Financial
CI Financial Corp. is a diversified global asset and wealth management company operating primarily in Canada, the United States, and Australia. Founded in 1965, the company has developed world-class portfolio management talent and extensive capabilities in wealth planning, offering a comprehensive product suite. CI Financial operates in three segments: Asset Management, Canadian Wealth Management, and U.S. Wealth Management. It is headquartered in Toronto and listed on the Toronto Stock Exchange.
YTD Price Performance: 1.53%
Average Trading Volume: 19,587
Technical Sentiment Signal: Sell
Current Market Cap: $3.16B
See more insights into CIX stock on TipRanks’ Stock Analysis page.