By Devika Patel
Knoxville, Tenn., July 14 – Great-West Lifeco Inc. priced a C$250 million add-on to its 2.981% debentures due July 8, 2050 on Monday at 98.631, according a press release.
The company previously sold C$250 million of the debentures in a sale that priced on July 6 and settled on July 8.
The debentures were offered through a syndicate of agents co-led by RBC Capital Markets, BMO Capital Markets and Scotiabank.
Proceeds will be used for general corporate purposes.
The insurance and financial services holding company is based in Winnipeg, Man.
| Issuer: | Great-West Lifeco Inc.
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| Amount: | C$250 million reopening
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| Description: | Debentures
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| Maturity: | July 8, 2050
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| Agents: | RBC Capital Markets, BMO Capital Markets and Scotiabank (co-leads)
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| Coupon: | 2.981%
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| Price: | 98.631
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| Call: | In whole or in part at greater of Canada Yield Price and par until Jan. 8, 2050; at par afterward
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| Pricing date: | July 13
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| Settlement date: | July 15
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| Total outstanding: | C$500 million, including C$250 million issued on July 8
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