{"id":404104,"date":"2020-12-21T17:04:11","date_gmt":"2020-12-21T22:04:11","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=404104"},"modified":"2020-12-21T17:04:11","modified_gmt":"2020-12-21T22:04:11","slug":"sun-life-announces-intention-to-redeem-series-2016-1-subordinated-unsecured-3-10-fixed-floating-debentures","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/sun-life-announces-intention-to-redeem-series-2016-1-subordinated-unsecured-3-10-fixed-floating-debentures\/","title":{"rendered":"Sun Life announces intention to redeem Series 2016-1 Subordinated Unsecured 3.10% Fixed\/Floating Debentures"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">TORONTO<\/span>, <span class=\"xn-chron\">Dec. 21, 2020<\/span> \/PRNewswire\/ &#8211;\u00a0Sun Life Financial Inc. (TSX: SLF) (NYSE: SLF) (&#8220;<b>Sun Life<\/b>&#8220;) today announced its intention to redeem all of the outstanding <span class=\"xn-money\">$350 million<\/span> principal amount of Series 2016-1 Subordinated Unsecured 3.10% Fixed\/Floating Debentures (the &#8220;<b>Debentures<\/b>&#8220;) in accordance with the redemption terms attached to the Debentures. The redemption will be funded from existing cash and liquid assets.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/1387361\/Sun_Life_Financial_Inc__Sun_Life_announces_intention_to_redeem_S.html\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/1387361\/Sun_Life_Financial_Inc__Sun_Life_announces_intention_to_redeem_S.jpg\" title=\"Sun Life Logo (CNW Group\/Sun Life Financial Inc.)\" alt=\"Sun Life Logo (CNW Group\/Sun Life Financial Inc.)\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>The Debentures are redeemable at Sun Life&#8217;s option on or after <span class=\"xn-chron\">February 19, 2021<\/span> at a redemption price per Debenture equal to the principal amount together with accrued and unpaid interest to the date of redemption. Sun Life intends to redeem the Debentures on <span class=\"xn-chron\">February 19<\/span>, 2021\u00a0(the &#8220;<b>Redemption Date<\/b>&#8220;). Notice will be delivered to the holders of the Debentures in accordance with the terms outlined in the trust indenture governing the Debentures. <\/p>\n<p>After the Debentures are redeemed, interest will cease to accrue from and after the Redemption Date and holders of Debentures will not be entitled to exercise any rights as holders other than to receive the redemption price.<\/p>\n<p>\n        <b>About Sun Life <\/b>\n      <\/p>\n<p>Sun Life is a leading international financial services organization providing insurance, wealth and asset management solutions to individual and corporate Clients. Sun Life has operations in a number of markets worldwide, including <span class=\"xn-location\">Canada<\/span>, <span class=\"xn-location\">the United States<\/span>, the <span class=\"xn-location\">United Kingdom<\/span>, <span class=\"xn-location\">Ireland<\/span>, <span class=\"xn-location\">Hong Kong<\/span>, <span class=\"xn-location\">the Philippines<\/span>, <span class=\"xn-location\">Japan<\/span>, <span class=\"xn-location\">Indonesia<\/span>, <span class=\"xn-location\">India<\/span>, <span class=\"xn-location\">China<\/span>, <span class=\"xn-location\">Australia<\/span>, <span class=\"xn-location\">Singapore<\/span>, <span class=\"xn-location\">Vietnam<\/span>, <span class=\"xn-location\">Malaysia<\/span> and Bermuda.\u00a0As of <span class=\"xn-chron\">September 30, 2020<\/span>, Sun Life had total assets under management of <span class=\"xn-money\">$1,186 billion<\/span>. For more information please visit <u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3015408-1&amp;h=3906675953&amp;u=http%3A%2F%2Fwww.sunlife.com%2F&amp;a=www.sunlife.com.\" rel=\"nofollow noopener noreferrer\">www.sunlife.com<u>.<\/u><\/a><\/u><\/p>\n<p>Sun Life Financial Inc. trades on the <span class=\"xn-location\">Toronto<\/span> (TSX), <span class=\"xn-location\">New York<\/span> (NYSE) and Philippine (PSE) stock exchanges under the ticker symbol SLF.<\/p>\n<p>\n        <b>Note to editors: All figures in Canadian dollars<\/b>\n      <\/p>\n<p>\n        <b>Forward-Looking Statements <\/b>\n      <\/p>\n<p>In this forward-looking information section, &#8220;we&#8221;, &#8220;our&#8221; and &#8220;us&#8221; refer to Sun Life and its subsidiaries and joint ventures.\u00a0 Certain statements in this news release are forward-looking, including, but not limited to, statements (i) relating to our anticipated redemption of the Debentures, (ii) that are not historical or that are\u00a0predictive in nature or that depend upon or refer to future events or conditions, and (iii) that include words such as &#8220;will&#8221;, and similar expressions.\u00a0 All such forward-looking statements are made pursuant to the &#8220;safe harbour provisions&#8221; of applicable Canadian securities laws and of the United States Private Securities Litigation Reform Act of 1995.\u00a0 The forward-looking statements in this news release represent our current expectations, estimates and projections regarding future events as of the time of this news release and are not historical facts.\u00a0 These forward-looking statements are not a guarantee of future performance and involve risks and uncertainties and are based on key factors and assumptions that are difficult to predict, including the assumption that the transaction will be completed. Except as may be required by applicable Canadian securities laws, we do not undertake any obligation to update or revise any forward-looking statements contained in this news release.\u00a0 Readers are cautioned that undue reliance should not be placed on these forward-looking statements.\u00a0 Information about risk factors relating to us can be found in the annual information form of Sun Life for the year ended <span class=\"xn-chron\">December 31, 2019<\/span> under the heading &#8220;Risk Factors&#8221; and other regulatory filings filed with or furnished to Canadian and U.S. securities regulators available at <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3015408-1&amp;h=140713317&amp;u=http%3A%2F%2Fwww.sedar.com%2F&amp;a=www.sedar.com\" rel=\"nofollow noopener noreferrer\">www.sedar.com<\/a>\u00a0and <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3015408-1&amp;h=2784797427&amp;u=http%3A%2F%2Fwww.sec.gov%2F&amp;a=www.sec.gov\" rel=\"nofollow noopener noreferrer\">www.sec.gov<\/a>, respectively.<\/p>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"1\" class=\"prntblns\">\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Media Relations Contact:<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Investor Relations Contact:<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Irene Poon<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Leigh Chalmers<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Manager<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Senior Vice-President, Head of Investor <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Corporate Communications<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Relations &amp; Capital Management<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">T. 416-988-0542<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">T. 647-256-8201<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <a target=\"_blank\" href=\"mailto:irene.poon@sunlife.com\" class=\"prnews_a\" rel=\"nofollow noopener noreferrer\">irene.poon@sunlife.com<\/a><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <a target=\"_blank\" href=\"mailto:investor_relations@sunlife.com\" class=\"prnews_a\" rel=\"nofollow noopener noreferrer\">investor_relations@sunlife.com<\/a><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n<p \/>\n<p>\u00a0<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2\"><\/div>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=TO26475&amp;sd=2020-12-21\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/sun-life-announces-intention-to-redeem-series-2016-1-subordinated-unsecured-3-10-fixedfloating-debentures-301197095.html\">http:\/\/www.prnewswire.com\/news-releases\/sun-life-announces-intention-to-redeem-series-2016-1-subordinated-unsecured-3-10-fixedfloating-debentures-301197095.html<\/a><\/p>\n<p>SOURCE  Sun Life Financial Inc.<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=TO26475&amp;Transmission_Id=202012211701PR_NEWS_USPR_____TO26475&amp;DateId=20201221\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire TORONTO, Dec. 21, 2020 \/PRNewswire\/ &#8211;\u00a0Sun Life Financial Inc. (TSX: SLF) (NYSE: SLF) (&#8220;Sun Life&#8220;) today announced its intention to redeem all of the outstanding $350 million principal amount of Series 2016-1 Subordinated Unsecured 3.10% Fixed\/Floating Debentures (the &#8220;Debentures&#8220;) in accordance with the redemption terms attached to the Debentures. The redemption will be funded from existing cash and liquid assets. The Debentures are redeemable at Sun Life&#8217;s option on or after February 19, 2021 at a redemption price per Debenture equal to the principal amount together with accrued and unpaid interest to the date of redemption. Sun Life intends to redeem the Debentures on February 19, 2021\u00a0(the &#8220;Redemption Date&#8220;). Notice will be delivered to the holders of the &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/sun-life-announces-intention-to-redeem-series-2016-1-subordinated-unsecured-3-10-fixed-floating-debentures\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Sun Life announces intention to redeem Series 2016-1 Subordinated Unsecured 3.10% Fixed\/Floating Debentures&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-404104","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Sun Life announces intention to redeem Series 2016-1 Subordinated Unsecured 3.10% Fixed\/Floating Debentures - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/sun-life-announces-intention-to-redeem-series-2016-1-subordinated-unsecured-3-10-fixed-floating-debentures\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sun Life announces intention to redeem Series 2016-1 Subordinated Unsecured 3.10% Fixed\/Floating Debentures - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire TORONTO, Dec. 21, 2020 \/PRNewswire\/ &#8211;\u00a0Sun Life Financial Inc. (TSX: SLF) (NYSE: SLF) (&#8220;Sun Life&#8220;) today announced its intention to redeem all of the outstanding $350 million principal amount of Series 2016-1 Subordinated Unsecured 3.10% Fixed\/Floating Debentures (the &#8220;Debentures&#8220;) in accordance with the redemption terms attached to the Debentures. The redemption will be funded from existing cash and liquid assets. The Debentures are redeemable at Sun Life&#8217;s option on or after February 19, 2021 at a redemption price per Debenture equal to the principal amount together with accrued and unpaid interest to the date of redemption. Sun Life intends to redeem the Debentures on February 19, 2021\u00a0(the &#8220;Redemption Date&#8220;). 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/sun-life-announces-intention-to-redeem-series-2016-1-subordinated-unsecured-3-10-fixed-floating-debentures\/","og_locale":"en_US","og_type":"article","og_title":"Sun Life announces intention to redeem Series 2016-1 Subordinated Unsecured 3.10% Fixed\/Floating Debentures - Market Newsdesk","og_description":"PR Newswire TORONTO, Dec. 21, 2020 \/PRNewswire\/ &#8211;\u00a0Sun Life Financial Inc. (TSX: SLF) (NYSE: SLF) (&#8220;Sun Life&#8220;) today announced its intention to redeem all of the outstanding $350 million principal amount of Series 2016-1 Subordinated Unsecured 3.10% Fixed\/Floating Debentures (the &#8220;Debentures&#8220;) in accordance with the redemption terms attached to the Debentures. The redemption will be funded from existing cash and liquid assets. The Debentures are redeemable at Sun Life&#8217;s option on or after February 19, 2021 at a redemption price per Debenture equal to the principal amount together with accrued and unpaid interest to the date of redemption. Sun Life intends to redeem the Debentures on February 19, 2021\u00a0(the &#8220;Redemption Date&#8220;). Notice will be delivered to the holders of the &hellip; Continue reading \"Sun Life announces intention to redeem Series 2016-1 Subordinated Unsecured 3.10% Fixed\/Floating Debentures\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/sun-life-announces-intention-to-redeem-series-2016-1-subordinated-unsecured-3-10-fixed-floating-debentures\/","og_site_name":"Market Newsdesk","article_published_time":"2020-12-21T22:04:11+00:00","og_image":[{"url":"https:\/\/mma.prnewswire.com\/media\/1387361\/Sun_Life_Financial_Inc__Sun_Life_announces_intention_to_redeem_S.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/sun-life-announces-intention-to-redeem-series-2016-1-subordinated-unsecured-3-10-fixed-floating-debentures\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/sun-life-announces-intention-to-redeem-series-2016-1-subordinated-unsecured-3-10-fixed-floating-debentures\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Sun Life announces intention to redeem Series 2016-1 Subordinated Unsecured 3.10% Fixed\/Floating Debentures","datePublished":"2020-12-21T22:04:11+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/sun-life-announces-intention-to-redeem-series-2016-1-subordinated-unsecured-3-10-fixed-floating-debentures\/"},"wordCount":611,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/sun-life-announces-intention-to-redeem-series-2016-1-subordinated-unsecured-3-10-fixed-floating-debentures\/#primaryimage"},"thumbnailUrl":"https:\/\/mma.prnewswire.com\/media\/1387361\/Sun_Life_Financial_Inc__Sun_Life_announces_intention_to_redeem_S.jpg","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/sun-life-announces-intention-to-redeem-series-2016-1-subordinated-unsecured-3-10-fixed-floating-debentures\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/sun-life-announces-intention-to-redeem-series-2016-1-subordinated-unsecured-3-10-fixed-floating-debentures\/","name":"Sun Life announces intention to redeem Series 2016-1 Subordinated Unsecured 3.10% Fixed\/Floating Debentures - 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