TORONTO,
Oct. 8, 2015 /PRNewswire/ - Sun Life
Financial Inc. (TSX: SLF) (NYSE: SLF) today announced its intention
to redeem all of the outstanding $600
million principal amount of Series A Senior Unsecured 4.80%
Fixed/Floating debentures due 2035 (the "Debentures") in accordance
with the redemption terms attached to the Debentures.
The Debentures are redeemable at Sun Life Financial Inc.'s
option on November 23, 2015 (the
"Redemption Date") at a redemption price per Debenture equal to the
principal amount together with accrued and unpaid interest to the
Redemption Date. Notice will be delivered to the holders of the
Debentures in accordance with the terms outlined in the trust
indenture governing the Debentures.
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.
About Sun Life Financial
Celebrating 150 years in 2015, 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,
2015, the Sun Life Financial group of companies had total
assets under management of $808
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.
SOURCE Sun Life Financial Inc.