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Great-West Lifeco Prices 500-Million Euro Bonds Offering

BY MT Newswires | CORPORATE | 12:39 PM EDT

12:39 PM EDT, 06/30/2026 (MT Newswires) -- Great-West Lifeco (GWLIF) has priced its 500 million euro bonds offering, the company said on Tuesday.

The seven-year bonds will pay an annual coupon of 3.625% and are priced at 99.575% of par. They are expected to be rated A+ by S&P Global Ratings and A by Fitch Ratings, a statement said.

The offer is expected to close on July 7. Great-West will apply for the bonds to be listed on the Global Exchange Market of the Irish Stock Exchange.

Proceeds will be used for general corporate purposes, and may include redeeming Great-West's 500 million euro bonds maturing in December 2026.

This is the company's fourth debt issue in the euro market.

Great-West shares were last seen up $1.48, 0r 1.7%, to $90.18, on the Toronto Stock Exchange.

Price: 90.18, Change: +1.46, Percent Change: +1.65

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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