By Cristal Cody
Prospect News, Aug. 17 - Sun Life Financial Inc. (DBRS: AA) sold C$300 million 4.57% 10-year senior debentures, series E, at 99.96 to yield 4.575% on Wednesday, according to a company news release and a bond source.
The debentures due Aug. 23, 2021 priced at a spread of 214.9 basis points over the Government of Canada benchmark.
RBC Capital Markets Corp., National Bank Financial Inc. and TD Securities Inc. were the managers.
Proceeds will be used for general corporate purposes.
Sun Life Financial is a Toronto-based international financial services organization.
| Issuer: | Sun Life Financial Inc.
|
| Amount: | C$300 million
|
| Maturity: | Aug. 23, 2021
|
| Securities: | Debentures
|
| Bookrunners: | RBC Capital Markets Corp., National Bank Financial Inc., TD Securities Inc.
|
| Coupon: | 4.57%
|
| Price: | 99.96
|
| Yield: | 4.575%
|
| Spread: | 214.9 bps over Government of Canada benchmark
|
| Pricing date: | Aug. 17
|
| Settlement date: | Aug. 23
|
| Rating: | DBRS: AA
|
| Distribution: | Canada
|
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