New Issue: IGM Financial sells C$200 million 4.174% 30-year debentures at par

By Cristal Cody

Tupelo, Miss., July 11 – IGM Financial Inc. (A//DBRS: A) priced C$200 million of 30-year debentures (/A/DBRS: A) on Monday at par to yield 4.174%, according to a final term sheet.

BMO Capital Markets Corp. was the bookrunner. RBC Dominion Securities Inc. was co-lead manager.

Proceeds will be used along with existing cash to fund the redemption on or about Aug. 10 of all of IGM’s C$375 million outstanding 7.35% debentures due April 8, 2019.

IGM Financial is a Winnipeg, Man.-based financial services company.

Issuer:	IGM Financial Inc.
Amount:	C$200 million
Description:	Debentures
Maturity:	July 13, 2048
Bookrunner:	BMO Nesbitt Burns Inc.
Co-lead manager:	RBC Dominion Securities Inc.
Co-managers:	CIBC World Markets Inc., National Bank Financial Inc., Scotia Capital Inc., TD Securities Inc., Casgrain & Co. Ltd. and Laurentian Bank Securities Inc.
Coupon:	4.174%
Price:	Par
Yield:	4.174%
Call features:	Make-whole call before Jan. 13, 2048 at price equal to greater of Government of Canada yield plus 48.5 bps and par; thereafter at par
Trade date:	July 9
Settlement date:	July 11
Ratings:	S&P: A
	DBRS: A
Distribution:	Canada agency

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