QUEBEC CITY, Dec. 14, 2016 /CNW Telbec/ - Industrial Alliance Insurance and Financial Services Inc. ("iA Financial Group") today announced that it has completed the previously announced redemption of its 4.75% Subordinated Debentures due December 14, 2021 (the "Debentures") pursuant to the notice of redemption sent to registered holders of Debentures on October 26, 2016. iA Financial Group has paid a redemption amount of $1,023.75 for each $1,000 principal amount of Debentures, being equal to the aggregate of (i) $1,000 and (ii) all accrued and unpaid interest.
About iA Financial Group
Founded in 1892, iA Financial Group offers life and health insurance products, mutual and segregated funds, savings and retirement plans, securities, auto and home insurance, mortgages and car loans and other financial products and services for both individuals and groups. It is one of the four largest life and health insurance companies in Canada and one of the largest publicly-traded companies in the country. iA Financial Group stock is listed on the Toronto Stock Exchange under the ticker symbol IAG.
SOURCE Industrial Alliance Insurance and Financial Services Inc.