TSX:SLF - Post Discussion
Post by
Betteryear2 on Nov 18, 2021 8:18am
completes offering of Subordinated Unsecured Debentures
TORONTO, Nov. 18, 2021 /PRNewswire/ - Sun Life Financial Inc. (TSX: SLF) (NYSE: SLF) (the "Company") announced today the successful completion of the public offering in Canada of $500 million principal amount of Series 2021-1 Subordinated Unsecured 2.46% Fixed/Floating Debentures due 2031, $1 billion principal amount of Series 2021-2 Subordinated Unsecured 2.80% Fixed/Floating Debentures due 2033 and $500 million principal amount of Series 2021-3 Subordinated Unsecured 3.15% Fixed/Floating Debentures due 2036 (collectively, the "Debentures") for an aggregate principal amount of $2 billion. The net proceeds will be used for general corporate purposes of the Company, which may include funding a portion of the purchase price for the previously announced acquisition of DentaQuest Group, Inc., investments in subsidiaries, repayment of indebtedness and other strategic investments.
Each series of Debentures was sold under a pricing supplement dated November 16, 2021, issued pursuant to the Company's short form base shelf prospectus and its prospectus supplement, each dated March 19, 2021, all of which are available on the SEDAR website for the Company at www.sedar.com.
Be the first to comment on this post