TORONTO,
Sept. 25, 2015 /CNW/ - Sun Life
Financial Inc. (TSX: SLF) (NYSE: SLF) (the "Corporation") announced
today the successful completion of the public offering in
Canada of $500 million principal amount of Series 2015-1
Subordinated Unsecured 2.60% Fixed/Floating Debentures due 2025
(the "Debentures"). The net 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.
The Debentures were sold under a pricing supplement dated
September 22, 2015, issued pursuant
to the Corporation's short form base shelf prospectus and its
prospectus supplement dated April 8,
2015, which are available on the SEDAR website for Sun Life
Financial Inc. at www.sedar.com.
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.