Sun Life Financial calls series B 4.95% fixed-to-floating debentures

By Angela McDaniels

Tacoma, Wash., April 4 – Sun Life Financial Inc. plans to redeem all of its outstanding C$950 million principal amount of series B senior 4.95% fixed-to-floating debentures, according to a company news release.

The debentures are redeemable on June 1 at par plus accrued interest to the redemption date.

The company noted that under minimum continuing capital and surplus requirements of Canada’s Superintendent of Financial Institutions, senior debentures do not qualify as available capital.

Sun Life is a financial services organization based in Toronto.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.