TORONTO,
Sept. 22, 2015 /CNW/ - Sun Life
Financial Inc. (TSX: SLF) (NYSE: SLF) (the "Corporation") announced
today that it intends to issue in Canada up to $500
million principal amount of Series 2015-1 Subordinated
Unsecured 2.60% Fixed/Floating Debentures due 2025 (the
"Debentures"). The offering is expected to close on September 25, 2015 and the proceeds will be used
to partially fund the acquisition of the employee benefits business
of Assurant, Inc. and may also be used for general corporate
purposes, which may include investments in subsidiaries.
Details of the offering will be set out in a pricing supplement
that the Corporation intends to issue pursuant to its short form
base shelf prospectus and its prospectus supplement, each dated
April 8, 2015, 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
CIBC, as co-leads. The proceeds from this offering are expected to
qualify for Tier 2B 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
Celebrating 150 years in 2015, Sun Life Financial is a leading
international financial services organization providing a diverse
range of protection and wealth products and services to individuals
and corporate customers. Sun Life Financial and its partners have
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 June 30,
2015, the Sun Life Financial group of companies had total
assets under management of $808
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.
SOURCE Sun Life Financial Inc.