Opérations et transactions|10 novembre 2011
Sun Life Financial completes C$300 million public offering of preferred shares
Torys acted as counsel to Sun Life Financial with a team that included Philip Mohtadi, Natasha Banka and Harry Cherniak (corporate/securities) and Kathy Moore (tax).
On November 10, 2011, Sun Life Financial Inc. (Sun Life) announced the successful completion of a Canadian public offering of C$300 million of Class A Non-Cumulative Rate Reset Preferred Shares Series 12R 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 C$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 C$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's website.
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's website.