Sun Life completes offering of subordinated unsecured debentures
On August 10, 2022, Sun Life Financial Inc. ("Sun Life") announced the successful completion of its public offering of C$650 million principal amount of Series 2022-1 subordinated unsecured 4.78% fixed/floating debentures due 2034 in Canada.
The debentures were sold on a best efforts agency basis by a syndicate led by RBC Capital Markets, BMO Capital Markets and TD Securities, as co-leads.
The net proceeds will be used for general corporate purposes of the company, 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 asset management, wealth, insurance and health solutions to individual and institutional clients. It has operations in a number of markets worldwide, including Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia and Bermuda.