Sun Life Assurance redeems all C$800 million 6.15% debentures at par

By Toni Weeks

San Diego, June 29 - Sun Life Assurance Co. of Canada redeemed all C$800 million of its 6.15% subordinated debentures due June 30, 2022 on June 29, according to a press release.

The company planned to redeem the debentures at par plus accrued interest on June 30, with the payment made on or after July 3 upon surrender of the debentures, a previous press release said.

Sun Life Assurance Co. of Canada is a subsidiary of Sun Life Financial Inc., a Toronto-based financial services organization.

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