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Sun Life Financial to redeem C$250M of debentures

Sun Life Financial Inc. plans to redeem all C$250 million of its outstanding series 2014-1 subordinated unsecured 2.77% fixed/floating debentures.

The debentures are redeemable on or after May 13 at a redemption price per debenture equal to the principal amount together with accrued and unpaid interest to the redemption date.

The company will fund the redemption with existing cash and liquid assets.