Lavery represents Industrial Alliance in $250 million offering of 4.75% fixed/floating subordinated debentures

On December 14, 2011, Industrial Alliance Insurance and Financial Services Inc. closed a public offering of 4.75% Fixed/Floating Subordinated Debentures for gross proceeds of $250.1 million.

The subordination debentures were offered on an agency basis by a syndicate of dealers led by RBC Dominion Securities Inc. and TD Securities Inc., including BMO Nesbitt Burns Inc., Scotia Capital Inc., CIBC World Markets Inc., National Bank Financial Inc., Casgrain & Company Limited and Industrial Alliance Securities Inc.

Industrial Alliance was represented by a team from Lavery consisting of Marc Rochefort, Michel Servant, Guillaume Lavoie and Geneviève Fournier (corporate and securities), and Philip Nolan (tax).

Founded in 1892, Industrial Alliance Insurance and Financial Services Inc. is a life and health insurance company with operations in all regions of Canada as well as in the United States.

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