trending Market Intelligence /marketintelligence/en/news-insights/trending/OFLneX5eDycedkm3TqHGVA2 content esgSubNav
In This List

Sun Life Financial to issue subordinated unsecured debentures in Canada

Blog

Insurance Underwriting Transformed How Insurers Can Harness Probability of Default Models for Smarter Credit Decisions

Blog

The World's Largest P&C Insurers, 2023

Blog

The Worlds Largest Life Insurers, 2023

Blog

Essential IR Insights Newsletter Fall - 2023


Sun Life Financial to issue subordinated unsecured debentures in Canada

Sun Life Financial Inc. intends to issue in Canada C$400 million principal amount of series 2017-1 subordinated unsecured 2.75% fixed/floating debentures due 2027.

The offering is expected to close Nov. 23.

Net proceeds from the offering will be used for general corporate purposes, including investments in subsidiaries and repayment of debt.

The debentures will be sold on a best efforts agency basis by a syndicate led by RBC Capital Markets and TD Securities, as co-leads. The proceeds from the offering are expected to qualify for tier 2 capital.