HomeInsuranceSun Life announces offering of Subordinated Unsecured Debentures

Sun Life announces offering of Subordinated Unsecured Debentures

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TORONTO, Aug. 8, 2022 /CNW/ – Sun Life Financial Inc. (TSX: SLF) (NYSE: SLF) (the “Company”) announced today that it intends to issue in Canada $650 million principal amount of Series 2022-1 Subordinated Unsecured 4.78% Fixed/Floating Debentures due 2034 (the “Debentures”). The offering is expected to close on August 10, 2022. 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.

Details of the offering will be set out in a pricing supplement that the Company intends to issue pursuant to its short form base shelf prospectus and its prospectus supplement, each dated March 19, 2021, all of which are or will be available on the SEDAR website for Sun Life Financial Inc….

Read more at www.newswire.ca

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