Correction: Sun Life called notes have 4.38% fixed-to-floating coupon

A story in the Jan. 5 editions of the Prospect News Investment Grade Daily and Liability Management Daily incorrectly reported the coupon of Sun Life Financial Inc.’s C$800 million of debentures that are set for redemption in March. A corrected version of the story follows:

By Wendy Van Sickle

Columbus, Ohio, Jan. 5 – Sun Life Financial Inc.’s plans to redeem all of its outstanding C$800 million principal amount of series 2012-1 subordinated unsecured 4.38% fixed-to-floating debentures, according to a company news release.

The debentures will be redeemed on March 2 at par plus accrued interest to the redemption date.

The redemption will be funded from existing cash and liquid assets.

Sun Life is a financial services organization based in Toronto.

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