{"id":688994,"date":"2022-09-26T17:05:07","date_gmt":"2022-09-26T21:05:07","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/sun-life-announces-intention-to-redeem-series-2017-1-subordinated-unsecured-2-75-fixed-floating-debentures\/"},"modified":"2022-09-26T17:05:07","modified_gmt":"2022-09-26T21:05:07","slug":"sun-life-announces-intention-to-redeem-series-2017-1-subordinated-unsecured-2-75-fixed-floating-debentures","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/sun-life-announces-intention-to-redeem-series-2017-1-subordinated-unsecured-2-75-fixed-floating-debentures\/","title":{"rendered":"Sun Life announces intention to redeem Series 2017-1 Subordinated Unsecured 2.75% 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<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder3919\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/1905735\/Sun_Life_Financial_Inc__Sun_Life_announces_intention_to_redeem_S.html\" target=\"_blank\" rel=\"nofollow noopener\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/1905735\/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>\n        <span class=\"legendSpanClass\"><br \/>\n          <span class=\"xn-location\">TORONTO<\/span><br \/>\n        <\/span>, <span class=\"legendSpanClass\"><span class=\"xn-chron\">Sept. 26, 2022<\/span><\/span> \/PRNewswire\/ &#8211;\u00a0Sun Life Financial Inc. (TSX: SLF) (NYSE: SLF) today announced its intention to redeem all of the outstanding <span class=\"xn-money\">$400 million<\/span> principal amount of Series 2017-1 Subordinated Unsecured 2.75% Fixed\/Floating Debentures (the &#8220;Debentures&#8221;) in accordance with the redemption terms attached to the Debentures. The redemption will be funded from existing cash and liquid assets.<\/p>\n<p>The Debentures are redeemable at Sun Life&#8217;s option on or after <span class=\"xn-chron\">November 23, 2022<\/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\">November 23, 2022<\/span> (the &#8220;Redemption Date&#8221;). 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 asset management, wealth, insurance and health solutions to individual and institutional 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 <span class=\"xn-location\">Bermuda<\/span>. As of <span class=\"xn-chron\">June 30, 2022<\/span>, Sun Life had total assets under management of <span class=\"xn-money\">C$1.26 trillion<\/span>. For more information, please visit\u00a0<a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3656876-1&amp;h=3929758014&amp;u=http%3A%2F%2Fwww.sunlife.com&amp;a=www.sunlife.com\" target=\"_blank\" rel=\"nofollow noopener\">www.sunlife.com<\/a>.<\/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>From time to time, Sun Life makes written or oral forward-looking statements within the meaning of certain securities laws, including the &#8220;safe harbour&#8221; provisions of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities legislation. Forward-looking statements contained in this release include, without limitation, statements relating to Sun Life&#8217;s anticipated redemption of the Debentures. These statements represent our current expectations, estimates, and projections regarding future events and are not historical facts, and remain subject to change, particularly in light of the ongoing and developing COVID-19 pandemic and its impact on the global economy and its uncertain impact on our business.\u00a0 Forward-looking statements are not a guarantee of future performance and involve risks and uncertainties that are difficult to predict. Information about forward-looking statements and risk factors relating to the Company are set out in our MD&amp;A for the period ended <span class=\"xn-chron\">June 30, 2022<\/span> and in SLF Inc.&#8217;s other annual and interim regulatory filings filed with Canadian securities regulators or furnished to U.S. securities regulators, which are available for review at\u00a0<a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3656876-1&amp;h=3544562056&amp;u=https%3A%2F%2Fc212.net%2Fc%2Flink%2F%3Ft%3D0%26l%3Den%26o%3D3532077-2%26h%3D1035071492%26u%3Dhttps%253A%252F%252Fwww.sedar.com%252F%26a%3Dwww.sedar.com&amp;a=www.sedar.com\" target=\"_blank\" rel=\"nofollow noopener\"><b>www.sedar.com<\/b><\/a>\u00a0and\u00a0<a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3656876-1&amp;h=2828245343&amp;u=https%3A%2F%2Fc212.net%2Fc%2Flink%2F%3Ft%3D0%26l%3Den%26o%3D3532077-2%26h%3D3014351604%26u%3Dhttps%253A%252F%252Fwww.sec.gov%26a%3Dwww.sec.gov&amp;a=www.sec.gov\" target=\"_blank\" rel=\"nofollow noopener\"><b>www.sec.gov<\/b><\/a>, respectively.<\/p>\n<p>The Company does not undertake any obligation to update or revise its forward-looking statements to reflect events or circumstances after the date of this document or to reflect the occurrence of unanticipated events, except as required by law.<\/p>\n<p>\n        <b>Sun Life Media and Investor Relations contacts:<\/b>\n      <\/p>\n<div>\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"0\" class=\"prnbcc\">\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">Rajani Kamath\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">Yaniv Bitton<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">Associate Vice-President\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">Vice-President, Head of Investor<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">Corporate Communications\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">Relations &amp; Capital Markets<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">647-515-7514\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">416-979-6496<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\"><br \/>\n                  <a href=\"mailto:Devon.Portney.Fernald@sunlife.com\" target=\"_blank\" class=\"prnews_a\" rel=\"nofollow noopener\">Rajani.Kamath@sunlife.com<\/a>\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\"><br \/>\n                  <a href=\"mailto:Yaniv.Bitton@sunlife.com\" target=\"_blank\" class=\"prnews_a\" rel=\"nofollow noopener\">Yaniv.Bitton@sunlife.com<\/a><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n<p>\u00a0<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder0\"><\/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=TO81824&amp;sd=2022-09-26\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow noopener\" href=\"https:\/\/www.prnewswire.com\/news-releases\/sun-life-announces-intention-to-redeem-series-2017-1-subordinated-unsecured-2-75-fixedfloating-debentures-301633517.html\" target=\"_blank\">https:\/\/www.prnewswire.com\/news-releases\/sun-life-announces-intention-to-redeem-series-2017-1-subordinated-unsecured-2-75-fixedfloating-debentures-301633517.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=TO81824&amp;Transmission_Id=202209261701PR_NEWS_USPR_____TO81824&amp;DateId=20220926\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire TORONTO , Sept. 26, 2022 \/PRNewswire\/ &#8211;\u00a0Sun Life Financial Inc. (TSX: SLF) (NYSE: SLF) today announced its intention to redeem all of the outstanding $400 million principal amount of Series 2017-1 Subordinated Unsecured 2.75% Fixed\/Floating Debentures (the &#8220;Debentures&#8221;) 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 November 23, 2022 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 November 23, 2022 (the &#8220;Redemption Date&#8221;). 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-2017-1-subordinated-unsecured-2-75-fixed-floating-debentures\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Sun Life announces intention to redeem Series 2017-1 Subordinated Unsecured 2.75% 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-688994","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Sun Life announces intention to redeem Series 2017-1 Subordinated Unsecured 2.75% 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-2017-1-subordinated-unsecured-2-75-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 2017-1 Subordinated Unsecured 2.75% Fixed\/Floating Debentures - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire TORONTO , Sept. 26, 2022 \/PRNewswire\/ &#8211;\u00a0Sun Life Financial Inc. (TSX: SLF) (NYSE: SLF) today announced its intention to redeem all of the outstanding $400 million principal amount of Series 2017-1 Subordinated Unsecured 2.75% Fixed\/Floating Debentures (the &#8220;Debentures&#8221;) 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 November 23, 2022 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 November 23, 2022 (the &#8220;Redemption Date&#8221;). Notice will be delivered to the holders of the &hellip; Continue reading &quot;Sun Life announces intention to redeem Series 2017-1 Subordinated Unsecured 2.75% Fixed\/Floating Debentures&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/sun-life-announces-intention-to-redeem-series-2017-1-subordinated-unsecured-2-75-fixed-floating-debentures\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2022-09-26T21:05:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mma.prnewswire.com\/media\/1905735\/Sun_Life_Financial_Inc__Sun_Life_announces_intention_to_redeem_S.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sun-life-announces-intention-to-redeem-series-2017-1-subordinated-unsecured-2-75-fixed-floating-debentures\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sun-life-announces-intention-to-redeem-series-2017-1-subordinated-unsecured-2-75-fixed-floating-debentures\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Sun Life announces intention to redeem Series 2017-1 Subordinated Unsecured 2.75% Fixed\\\/Floating Debentures\",\"datePublished\":\"2022-09-26T21:05:07+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sun-life-announces-intention-to-redeem-series-2017-1-subordinated-unsecured-2-75-fixed-floating-debentures\\\/\"},\"wordCount\":567,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sun-life-announces-intention-to-redeem-series-2017-1-subordinated-unsecured-2-75-fixed-floating-debentures\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mma.prnewswire.com\\\/media\\\/1905735\\\/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-2017-1-subordinated-unsecured-2-75-fixed-floating-debentures\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sun-life-announces-intention-to-redeem-series-2017-1-subordinated-unsecured-2-75-fixed-floating-debentures\\\/\",\"name\":\"Sun Life announces intention to redeem Series 2017-1 Subordinated Unsecured 2.75% Fixed\\\/Floating Debentures - 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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-2017-1-subordinated-unsecured-2-75-fixed-floating-debentures\/","og_locale":"en_US","og_type":"article","og_title":"Sun Life announces intention to redeem Series 2017-1 Subordinated Unsecured 2.75% Fixed\/Floating Debentures - Market Newsdesk","og_description":"PR Newswire TORONTO , Sept. 26, 2022 \/PRNewswire\/ &#8211;\u00a0Sun Life Financial Inc. (TSX: SLF) (NYSE: SLF) today announced its intention to redeem all of the outstanding $400 million principal amount of Series 2017-1 Subordinated Unsecured 2.75% Fixed\/Floating Debentures (the &#8220;Debentures&#8221;) 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 November 23, 2022 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 November 23, 2022 (the &#8220;Redemption Date&#8221;). 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