Sun Life Financial completes offering of subordinated unsecured debentures
On October 1, 2020, Sun Life Financial Inc. (“Sun Life”) announced the successful completion of its public offering in Canada of C$750 million principal amount of Series 2020-2 subordinated unsecured 2.06% fixed/floating debentures due 2035.
The debentures were sold on a best efforts agency basis by a syndicate co-led by RBC Capital Markets, CIBC Capital Market and Scotiabank.
The net proceeds will be used for general corporate purposes, which may include investments in subsidiaries, repayment of indebtedness, and other strategic investments.
Further information can be found on Canada Newswire’s website.
Sun Life is a leading international financial services organization providing a diverse range of insurance, wealth and asset management solutions to individual and corporate clients.