QUEBEC CITY, June 22, 2015 /CNW Telbec/ - iA Financial Group is pleased to announce its second investment in Australia, a debenture with a 25‑year term, in the context of a private-public infrastructure project in Western Australia.
You may recall that iA Financial Group made its first investment in the Australian continent in September 2014 with a debenture in the amount of 25 million Australian dollars from the New Royal Adelaide Hospital in Adelaide, South Australia.
iA Financial Group has been involved in private investments for over 40 years. In 2013, the company set up an Australian debenture investment program in Australian dollars. The program focuses mainly on infrastructure projects and corporate issuers with excellent solvency.
"We are particularly proud of this investment for a number of reasons, including its duration: 25 years is considered a very long term in the Australian market," explained Michel Tremblay, Executive Vice-President and Chief Investment Officer at iA Financial Group. "It's also an investment that will generate stable revenues while fitting nicely within an acceptable risk profile."
About iA Financial Group
iA Financial Group is a business name and trademark under which Industrial Alliance Insurance and Financial Services Inc. operates in Canada and the United States. This new trademark will also be used to refer to all companies under the Industrial Alliance banner, including Industrial Alliance Insurance and Financial Services Inc. and its subsidiaries. Founded in 1892, iA Financial Group offers life and health insurance products, savings and retirement plans, RRSPs, mutual and segregated funds, securities, auto and home insurance, mortgages and car loans and other financial products and services, for both individuals and groups. It is among the four largest life and health insurance companies in Canada and one of the largest publicly traded companies in the country. iA Financial Group stock is listed on the Toronto Stock Exchange under the ticker symbol IAG.
SOURCE Industrial Alliance Insurance and Financial Services Inc.
Pierre Picard, Manager, Public Relations, Office: 418-684-5000, ext. 1-1660, Email: pierre.picard@ia.caCopyright CNW Group 2015