Intact to issue $250 million unsecured medium term notes


    TORONTO, Aug. 26 /CNW/ - Intact Financial Corporation (TSX: IFC)
announced today that it intends to issue $250 million principal amount of
unsecured medium term notes (the "Notes"). The Notes will be direct unsecured
obligations of IFC and will rank equally with all other unsecured and
unsubordinated indebtedness of IFC. The Notes will bear interest at a fixed
annual rate of 5.41% until maturity on September 3, 2019. At 5.41%, the Notes
are priced at a spread of 195 basis points over the 10 year Government of
Canada Bond Curve. The net proceeds of the offering will be used by IFC for
general corporate and investment purposes.
    The Notes, offered on a best efforts basis through a syndicate led by
CIBC World Markets Inc. and TD Securities Inc., are expected to be issued on
August 31, 2009. Details of the offering will be set out in a pricing
supplement which IFC intends to file in Canada and which will be available on
the SEDAR website for IFC at
    The Notes have not been and will not be registered in the United States
under the Securities Act of 1933, as amended, and may not be offered, sold or
delivered in the United States or to U.S. Persons absent registration or
applicable exemption from the registration requirement of such Act. This press
release does not constitute an offer to sell or a solicitation to buy the
medium term notes in the United States.

    About Intact Financial Corporation

    Intact Financial Corporation is the largest provider of property and
casualty insurance in the country with over $4 billion in premiums. Its 7,000
employees offer home, auto and business insurance under the Intact Insurance,
Novex Group Insurance, belairdirect and Grey Power brands.

    Forward-looking statements

    Certain of the statements included in this press release constitute
forward-looking statements. The words "may", "will", "would", "should",
"could", "expects", "plans", "intends", "anticipates", "believes",
"estimates", "predicts", "likely" or "potential" or the negative or other
variations of these words or other comparable words or phrases, are intended
to identify forward-looking statements. Readers should not place undue
reliance on the forward-looking statements made herein. IFC has no intention
and undertakes no obligation to update or revise any forward-looking
statements, whether as a result of new information, future events or
otherwise, except as required by law.

For further information:

For further information: Media inquiries: Ian Blair, Director, External
Communications, (416) 341-1464 ext. 4521, Email:;
Investor inquiries: Michelle Dodokin, Vice President, Investor Relations,
(416) 344-8044, Email:

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