Intact Financial Corp. (IFC.TO) said on Wednesday that it plans to issue C$150 million principal amount of unsecured notes pursuant to its medium term note program. The notes will be direct unsecured obligations of IFC and will rank equally with all other unsecured and unsubordinated indebtedness of IFC.
The notes would bear interest at a fixed annual rate of 6.4% until maturity on November 23, 2039. Intact Financial would use the net proceeds of the offering for general corporate and investment purposes.
The notes, to be offered on a best efforts basis through an agency syndicate led by CIBC World Markets Inc. and TD Securities Inc., are expected to be issued on November 23, 2009.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.