Sun Life Financial completes offering of subordinated unsecured debentures

Torys acted as counsel to Sun Life Financial with a team that included Rima Ramchandani, Matthew Lui, Michele Cousens and Brook Wong (corporate/securities) and Richard Johnson (tax).

On September 19, 2016, Sun Life Financial Inc. ("Sun Life") announced the successful completion of the public offering in Canada of C$1 billion principal amount of Series 2016-2 subordinated unsecured 3.05% fixed/floating debentures due September 19, 2028. The debentures were sold on a best efforts agency basis by a syndicate co-led by BMO Capital Markets, RBC Capital Markets and Scotiabank.

The net proceeds will be used for general corporate purposes of Sun Life Financial, which may include investments in subsidiaries and repayment of indebtedness.

Sun Life Financial is a leading international financial services organization providing a diverse range of protection and wealth products and services to individuals and corporate customers.

Further information can be found on Canada Newswire's website.