Sun Life Assurance redeems C$300 million 6.65% debentures due 2015

By Melissa Kory

Cleveland, Oct. 12 - Sun Life Assurance Co. of Canada redeemed all of its outstanding C$300 million 6.65% series 3 debentures due Oct. 12, 2015, issued by Clarica Life Insurance Co.

The notes were redeemed at par plus interest to the redemption date.

Sun Life Assurance and Clarica were amalgamated on Dec. 31, 2002 under the name Sun Life Assurance Company of Canada.

The life insurance company is based in Wellesley Hills, Mass.

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