TORONTO, Feb. 28, 2012 /CNW/ - Sun Life Financial Inc. (TSX: SLF) (NYSE:
SLF) (the "Company") announced today that it intends to issue in Canada
$800 million principal amount of Series 2012-1 Subordinated Unsecured
4.38% Fixed/Floating Debentures due 2022 (the "Series 2012-1
Debentures"). The offering is expected to close on March 2, 2012, and
the proceeds will be used for general corporate purposes, which may
include investments in subsidiaries and repayment of indebtedness.
Details of the offering will be set out in a pricing supplement that the
Company intends to issue pursuant to its short form base shelf
prospectus and its prospectus supplement, each dated April 12, 2011,
all of which are or will be available on the SEDAR website for Sun Life
Financial Inc. at www.sedar.com. The Series 2012-1 Debentures will be sold on a best efforts agency
basis by a syndicate led by RBC Dominion Securities Inc. and BMO
Nesbitt Burns Inc., as co-leads.
The Series 2012-1 Debentures have not been and will not be registered
under the United States Securities Act of 1933, as amended, and may not
be offered, sold or delivered within the United States of America and
its territories and possessions or to, or for the account or benefit
of, United States persons except in certain transactions exempt from
the registration requirements of such Act. This release does not
constitute an offer to sell or a solicitation to buy such securities in
the United States.
About Sun Life Financial
Sun Life Financial is a leading international financial services
organization providing a diverse range of protection and wealth
accumulation products and services to individuals and corporate
customers. Chartered in 1865, Sun Life Financial and its partners today
have operations in key markets worldwide, including Canada, the United
States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan,
Indonesia, India, China and Bermuda. As of December 31, 2011, the Sun
Life Financial group of companies had total assets under management of
$466 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.
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