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Other public securities

Other public securities

In addition to common shares and preferred shares, Great-West Lifeco and its subsidiaries have issued debentures and capital trust securities which are currently outstanding.

Debentures

Great-West Lifeco has five senior debentures outstanding with a face amount of approximately $1.6 billion and one senior Eurobond debenture of €500 million. In addition, The Canada Life Assurance Company has one subordinated debenture outstanding with a face amount of $100 million. Great-West Lifeco Finance (Delaware) LP has one subordinated debenture outstanding with a face amount of $1 billion. Great-West Lifeco Finance (Delaware) LP II has one subordinated debenture outstanding with a face amount of $500 million. Great-West Life & Annuity Insurance Capital, LP has one subordinated debenture outstanding with a face amount of US$175 million, and Great-West Life & Annuity Insurance Capital, LP II has one subordinated debenture outstanding with a face amount of US$300 million.

*as of August 27, 2013

1$200,000,000 issued on November 16, 2009, and $143,788,000 issued on December 18, 2009.

2On April 18, 2013, the Company issued €500,000,000, 10-year bonds denominated in euros. The bonds pay an annual coupon of 2.50% and were priced at 99.755% of par to yield 2.528%.

Lifeco 6.67% March 21, 2033, Debentures Consent Solicitation

The following News Release, Amended Consent Solicitation Statement and Consent Form relate to Lifeco’s solicitation for the consent of the holders of Lifeco’s 6.67% Debentures due March 21, 2033 (the “2033 Debentures”), to an amendment to the Trust Indenture under which the 2033 Debentures were issued, which amendment would eliminate the restrictive capital covenant events of default from the Trust Indenture.

Capital Trust Securities

Canada Life Capital Trust has one series of Canada Life Capital Trust Securities ("CLiCS") Series B with a face value of $150 million outstanding. Canada Life Capital Trust redeemed all of its outstanding $300 million principal amount (CLiCS) Series A on June 29, 2012, at par. Great-West Life Capital Trust redeemed all of its outstanding $350 million principal amount (“GREATS”) on December 31, 2012, at par.

*as of March 28, 2013

Great-West Life Capital Trust redeemed all of its outstanding $350 million principal amount Great-West Life Capital Securities on December 31, 2012, at par.

Canada Life Capital Trust redeemed all of its outstanding $300 million principal amount Canada Life Capital Securities – Series A (CLiCS) on June 29, 2012, at par.

  Subsidiaries

Issuer Entity

Great-West Lifeco Inc.

The Canada Life Assurance Company

Great-West Lifeco Finance (Delaware) LP

Great-West Lifeco Finance (Delaware) LP II

Great-West Life & Annuity Insurance Capital, LP

Great-West Life & Annuity Insurance Capital, LP II

Coupon 6.74% 6.14% 6.67% 5.998% 4.65% 2.50% 6.40% 5.691% 7.127% 6.625% 7.153%

(until 2016)

Date of Maturity

Nov 24, 2031

Mar 21, 2018

Mar 21, 2033

Nov 16, 2039

Aug 13, 2020

April 18, 2023

Dec 11, 2028

Jun 21, 2067

Jun 26, 2068

Nov 15, 2034

May 16, 2046

Senior/Subordinated

Senior

Senior

Senior

Senior

Senior

Senior

Series B Subordinated

Subordinated

Subordinated

Subordinated

Subordinated

Date Issued

Nov 23, 2001

Mar 21, 2003

Mar 21, 2003

Nov 16, 2009 (1)

Aug 10, 2010 

April 18, 2013 

Dec 11, 1998

Jun 21, 2007

Jun 26, 2008

Nov 15, 2004

May 16, 2006

Amount Outstanding

$200,000,000

$200,000,000

$400,000,000

$343,788,000

$500,000,000

€500,000,000 (2)

$100,000,000

$1,000,000,000

$500,000,000

US$175,000,000

US$300,000,000

S&P Rating

A+

A+

A+

A+

A+

A+

AA-

A-

A-

A-

A-

DBRS Rating

AA (low)

AA (low)

AA (low)

AA (low)

AA (low)

AA (low)

AA (low)

A (high)

A (high)

Moody’s Rating

Baa1

Baa2

Fitch Rating

A

A

A

A

A

A

A+

BBB+

BBB+

BBB+

BBB+