Sun Life (SLF) Announces $800M Subordinated Debt Offering

February 28, 2012 4:39 PM EST
Sun Life Financial Inc. (NYSE: SLF) announced today that it intends to issue in Canada $800 million principal amount of Series 2012-1 Subordinated Unsecured 4.38% Fixed/Floating Debentures due 2022 (the "Series 2012-1 Debentures"). The offering is expected to close on March 2, 2012, and the proceeds will be used for general corporate purposes, which may include investments in subsidiaries and repayment of indebtedness.

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