Great-West Lifeco Inc. announced the pricing of €500 million in senior fixed rate euro bonds, marking the company's fourth debt issuance in the euro market. The 7-year bonds carry an annual coupon of 3.625%, priced at 99.575% of par to yield 3.695%.
Bond Ratings and Listing
The bonds are expected to be rated A+ by S&P Global Ratings and A by Fitch Ratings, Inc. An application will be made to list the bonds on the Global Exchange Market of Euronext Dublin. The transaction is scheduled to close on or about July 7, 2026.
Use of Proceeds
Net proceeds from the offering 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. The offering was managed by Barclays Bank PLC, Crédit Agricole Corporate and Investment Bank, J.P. Morgan Securities plc, and Merrill Lynch International as Active Joint Bookrunners.
About Great-West Lifeco
Great-West Lifeco is a financial services holding company operating in the United States, Canada, and Europe under the brands Empower, Canada Life, and Irish Life. The company serves approximately 40 million customer relationships, providing wealth, retirement, group benefits, and insurance solutions. As of March 31, 2026, total client assets were $3.3 trillion. The company trades on the Toronto Stock Exchange under the ticker GWO and is part of the Power Corporation group.
Forward-looking statements in this release are based on current expectations and are subject to risks and uncertainties. Actual results may differ materially. For more information, refer to Great-West's filings with securities regulators.
