Canada Life Assurance Co., founded in 1847 and headquartered in Winnipeg, Manitoba, is dedicated to protecting the financial security of Canadians through a range of insurance and investment products. The company offers services such as life insurance, health insurance, retirement savings solutions, and wealth management, aimed at helping individuals and families achieve their financial goals.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| GWOCN 6.40% 2028-12-11 CADCanada Life Assurance Co. | Canada | 2028-12-11 | 6.400 | 3.30 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Canada Life has a long history of bond issuances, beginning soon after its founding in the 19th century. Notably, in recent years, the company issued $1 billion in fixed-rate debentures to enhance its capital structure, with the 10-year bond offering competitive yields compared to industry peers. These bonds include features like call options and have been well-received in the market, reflecting strong investor confidence. Additionally, Canada Life was part of a significant corporate action in 2020 when it closed a $4.2 billion merger with Great-West Lifeco, impacting its bond profile positively.