On November 10, 2011, Sun Life Financial Inc. (TSX, NYSE: SLF) announced the successful completion of a Canadian public offering of C$300 million of Class A Non-Cumulative Rate Reset Preferred Shares Series 12R (the Series 12R Shares) at a price of C$25.00 per share and yielding 4.25% annually. The offering, initially for C$250 million of Series 12R Shares, was increased to $300 million following exercise by the underwriting syndicate, co-led by Scotia Capital Inc., CIBC World Markets Inc. and TD Securities Inc., of an option to purchase an additional $50 million of Series 12R Shares.
Sun Life Financial, headquartered in Toronto, is an international financial services organization, offering a diverse range of life and health insurance, savings, investment management, retirement, and pension products and services to both individual and corporate customers.
Further information can be found on Canada Newswire.