iA Financial Corporation Inc (TSE:IAG) has released an update.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
iA Financial Group announced a $400 million offering of fixed/floating unsecured subordinated debentures, set to close on December 5, 2024. The proceeds will be used for general corporate purposes such as investments in subsidiaries and debt repayment. The debentures will mature in 2034 with interest rates transitioning from fixed to floating after 2029.
For further insights into TSE:IAG stock, check out TipRanks’ Stock Analysis page.
