Great-West Lifeco Inc. announced today the successful closing of its €500 million 3.625% senior euro bond offering, which matures on July 7, 2033. The bonds carry ratings of A+ from S&P Global Ratings and A from Fitch Ratings Inc. They are listed on the Official List of Euronext Dublin and admitted to trading on the Global Exchange Market of Euronext Dublin.
Offering Details and Use of Proceeds
The offering was executed through a syndicate of managers, with Barclays Bank PLC, Crédit Agricole Corporate and Investment Bank, J.P. Morgan Securities plc, and Merrill Lynch International serving as Active Joint Bookrunners. The proceeds will be used for general corporate purposes, as stated in the company's press release.
Great-West Lifeco is a financial services holding company headquartered in Winnipeg, Manitoba. It operates in the United States, Canada, and Europe under the brands Empower, Canada Life, and Irish Life, providing wealth, retirement, group benefits, and insurance solutions to approximately 40 million customer relationships. As of March 31, 2026, the company reported total client assets of $3.3 trillion.
Regulatory and Compliance Notices
The bonds have not been registered under the U.S. Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption. Similarly, they are not qualified for distribution to the public under Canadian securities laws and are offered only via private placement exemptions. In the United Kingdom, the announcement is directed solely at investment professionals as defined in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005.
No key information document (KID) or CCI product summary has been prepared under EEA PRIIPs regulations, as the bonds are not available to retail investors in the European Economic Area or the United Kingdom.
Great-West Lifeco trades on the Toronto Stock Exchange under the ticker symbol GWO and is a member of the Power Corporation group of companies.
