TORONTO, Sept. 13, 2016 /PRNewswire/ - Sun Life Financial
Inc. (TSX: SLF) (NYSE: SLF) ("Sun Life") announced today that it
intends to issue in Canada up to
$1,000,000,000 principal amount
of Series 2016-2 Subordinated Unsecured 3.05% Fixed/Floating
Debentures due 2028 (the "Debentures"). The offering is expected to
close on September 19, 2016. The net
proceeds will be used for general corporate purposes of Sun Life
Financial, which may include investments in subsidiaries and
repayment of indebtedness.
Details of the offering will be set out in a pricing supplement
that Sun Life 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 BMO Capital Markets, RBC Capital Markets and
Scotiabank, as co-leads. The proceeds from this offering are
expected to qualify for Tier 2 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
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,
2016, the Sun Life Financial group of companies had total
assets under management of $865
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.
Media Relations Contact:
Gannon Loftus
Manager, Media & PR
Corporate Communications
T. 416-979-6345
gannon.loftus@sunlife.com
Investor Relations Contact:
Greg Dilworth
Vice-President, Investor Relations
T. 416-979-6230
investor.relations@sunlife.com
SOURCE Sun Life Financial Inc. - Financial News