Sun Life to Redeem $500 Million Series 2021-1 Debentures on November 18

PR Newswire··CAUSPH·Read original
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Summary · why it matters

Sun Life Financial Inc. announced its intention to redeem all of the outstanding $500 million principal amount of its Series 2021-1 Subordinated Unsecured 2.46% Fixed/Floating Debentures. The redemption will take place on November 18, 2026, at a price per Debenture equal to the principal amount plus accrued and unpaid interest to the redemption date. The debentures are redeemable at Sun Life's option on or after November 18, 2026, and the redemption will be funded from existing cash and liquid assets. Notice will be delivered to holders in accordance with the trust indenture governing the debentures, and interest will cease to accrue from and after the redemption date. Sun Life Financial Inc. trades on the Toronto, New York and Philippine stock exchanges under the ticker symbol SLF.

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Sun Life Financial Inc.
SLF
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Sun Life will redeem $500M of its 2.46% Series 2021-1 debentures on Nov 18, 2026, funded from existing cash and liquid assets.

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