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Sun Life calls C$500 million series 2009-1 exchangeables at par
By Marisa Wong
Los Angeles, Nov. 15 – Sun Life Capital Trust II, a subsidiary of Sun Life Financial Inc., said it intends to redeem at par on Dec. 31 all of its outstanding C$500 million of Sun Life ExchangEable Capital Securities (Sleecs) – series 2009-1.
The issuer will also pay accrued interest to but excluding the redemption date.
Sun Life is a financial services company based in Toronto.
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