TORONTO, Nov. 21, 2017 /CNW/ - Sun Life Financial Inc.
(TSX: SLF) (NYSE: SLF) ("Sun Life") announced today that it intends
to issue in Canada $400 million principal amount of Series 2017-1
Subordinated Unsecured 2.75% Fixed/Floating Debentures due 2027
(the "Debentures"). The offering is expected to close on
November 23, 2017. The net proceeds
will be used for general corporate purposes of Sun Life Financial,
which may include investments in subsidiaries and repayment of
indebtedness.
Details of the offering will be set out in a pricing supplement
that Sun Life intends to issue pursuant to its short form base
shelf prospectus and its prospectus supplement, each dated
March 20, 2017, all of which are or will be available on the
SEDAR website for Sun Life Financial Inc. at www.sedar.com. 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 this offering are expected to qualify
for Tier 2 capital.
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 Financial
Sun Life Financial is a leading international financial services
organization providing a diverse range of insurance, wealth and
asset management solutions to individuals and corporate Clients.
Sun Life Financial 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 September 30, 2017, Sun Life Financial had total
assets under management of $934
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:
Kim Armstrong
Manager, Media & PR
Corporate Communications
T. 416-979-6207
kim.armstrong@sunlife.com
Investor Relations Contact:
Greg Dilworth
Vice-President
Investor Relations
T. 416-979-6230
investor.relations@sunlife.com
SOURCE Sun Life Financial Inc.