Great-West Lifeco Inc.

Great-West Lifeco Inc. operates in life and health insurance, retirement savings, wealth and asset management, and reinsurance across Canada, the United States, and Europe. It offers insurance products such as life, accidental death and dismemberment, critical illness, disability, health and dental, and creditor insurance, as well as retirement savings, income and annuity products, and other specialty products to individuals, families, businesses, and organizations. The company also provides retirement savings plans, retail wealth management services, asset management services, and reinsurance products. Its brands include Empower, Canada Life, and Irish Life. Founded in 1979 and based in Winnipeg, Canada, it is a subsidiary of Power Financial Corporation.

0AH3.LSE▲

Great-West Lifeco prices €500 million senior fixed rate euro bonds

Great-West Lifeco has priced a €500 million offering of 7-year senior fixed rate euro bonds, marking its fourth debt issuance in the euro market. The bonds carry an annual coupon of 3.625% and were priced at 99.575% of par to yield 3.695%. They are expected to be rated A+ by S&P Global Ratings and A by Fitch Ratings, with an application to list on Euronext Dublin. The transaction is expected to close on or about July 7, 2026, and net proceeds will be used for general corporate purposes, which may include repayment of the company's outstanding €500 million 1.750% euro bonds maturing in December 2026.

0AH3.LSE ▲

CNW·80dRead more →