Sun Life to redeem all C$1 billion 2016-2 subordinated debentures

Chicago, July 21 – Sun Life Financial Inc. plans to redeem all C$1 billion outstanding series 2016-2 3.05% subordinated fixed-to-floating rate debentures, according to a press release.

The debentures are redeemable at the issuer’s option starting Sept. 19 at par plus accrued interest.

The company is using the Sept. 19 redemption date.

Funding will come from existing cash and liquid assets.

Sun Life is a financial services organization based in Toronto.

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