TORONTO, May 8, 2020 /CNW/ - Sun Life Financial Inc.
(TSX: SLF) (NYSE: SLF) (the "Company") announced today the
successful completion of the public offering in Canada of $1
billion principal amount of Series 2020-1 Subordinated
Unsecured 2.58% Fixed/Floating Debentures due 2032 (the
"Debentures"). The net proceeds will be used for general corporate
purposes of the Company, which may include investments in
subsidiaries and repayment of indebtedness.
The Debentures were sold under a pricing supplement dated
May 6, 2020, issued pursuant to its
short form base shelf prospectus and its prospectus supplement,
each dated March 28, 2019, all of
which are available on the SEDAR website for the Company at
www.sedar.com.
The Debentures have not been and will not be registered under
the United States Securities Act of 1933, as amended, and may not
be offered, sold or delivered, directly or indirectly, within
the United States of America and
its territories and possessions or to, or for the account or
benefit of, United States persons
except in certain transactions exempt from the registration
requirements of such Act. This release does not constitute an offer
to sell or a solicitation to buy such securities in the United States.
About Sun Life
Sun Life is a leading international financial services organization
providing insurance, wealth and asset management solutions to
individual and corporate Clients. Sun Life 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. As of March
31, 2020, Sun Life had total assets under management of
$1,023 billion. For more information
please visit www.sunlife.com.
Sun Life Financial Inc. trades on the Toronto (TSX), New
York (NYSE) and Philippine (PSE) stock exchanges under the
ticker symbol SLF.
Note to editors: All figures in Canadian dollars
Media Relations
Contact:
Rajani Kamath
Associate Vice-President
Corporate Communications
T. 416-979-6070
rajani.kamath@sunlife.com
|
Investor Relations
Contact:
Leigh Chalmers
Senior Vice-President, Head of Investor
Relations & Capital Management
T. 647-256-8201
Investor.relations@sunlife.com
|
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SOURCE Sun Life Financial Inc.