Sun Life Financial Inc. has completed the public offering in Canada of $750 million principal amount of Series 2019-1 Subordinated Unsecured 2.38% Fixed/Floating Debentures due 2029 (the “Debentures”).
In a statement, Sun Life explained that an amount equivalent to the net proceeds from the offering of the Debentures will be used to finance or refinance, in whole or in part, new and/or existing green or social assets that meet the eligibility criteria set out under Sun Life’s Sustainability Bond Framework.
The Debentures were sold under a pricing supplement dated August 7, 2019, issued pursuant to the company’s short form base shelf prospectus and its prospectus supplement dated March 28, 2019, available on the SEDAR website for Sun Life at www.sedar.com.
Sun Life said that the Debentures have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered, sold or delivered, directly or indirectly, within the United States 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 the act.
Learn more: www.sunlife.com.
Victoria Spears
Victoria Prussen Spears is senior vice president of Meyerowitz Communications Inc., a law firm marketing communications consulting company. A graduate of Sarah Lawrence College and Brooklyn Law School, Ms. Spears was an attorney at a leading New York City law firm before joining Meyerowitz Communications. She may be contacted at [email protected].