By Cristal Cody
Eureka Springs, Ark., Sept. 13 – Sun Life Financial, Inc. sold C$1 billion of 3.05% 12-year debentures on Tuesday at 99.856 to yield 3.073%, according to a market source.
The company priced the bonds (Baa2/A/DBRS: A) with a spread of 208 basis points over the interpolated Government of Canada bond curve.
BMO Capital Markets Corp., RBC Dominion Securities Inc. and Scotia Capital Inc. were the lead managers.
Sun Life Financial is a Toronto-based financial services and insurance company.
| Issuer: | Sun Life Financial, Inc.
|
| Amount: | C$1 billion
|
| Maturity: | 2028
|
| Securities: | Notes
|
| Bookrunners: | BMO Capital Markets Corp., RBC Dominion Securities Inc., Scotia Capital Inc.
|
| Coupon: | 3.05%
|
| Price: | 99.856
|
| Yield: | 3.073%
|
| Spread: | 208 bps over interpolated Government of Canada bond curve
|
| Call feature: | Non-callable for seven years
|
| Pricing date: | Sept. 13
|
| Ratings: | Moody’s: Baa2
|
| S&P: A
|
| DBRS: A
|
| Distribution: | Canada
|
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