Sun Life completes C$1 billion debenture offering

May 08, 2020

Torys represented Sun Life Financial with a team that included Rima Ramchandani, Brett Saulnier and Marco Cator (corporate/securities).

On May 8, 2020, Sun Life Financial Inc. ("Sun Life") completed its previously announced public offering of C$1 billion principal amount of series 2020-1 subordinated unsecured 2.58% fixed/floating debentures due 2032.

The debentures were sold on a best efforts agency basis by a syndicate led by RBC Capital Markets, BMO Capital Markets and TD Securities.

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

Sun Life is a leading international financial services organization providing insurance, wealth and asset management solutions to individual and corporate clients.

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