Sun Life Financial Inc. (SLF) successfully completed a public offering in Canada, raising $500 million via its Series 2023-1 Subordinated Unsecured 5.50% Fixed/Floating Debentures due 2035.

The company intends to use an amount equivalent to the net proceeds from this offering to finance or refinance, fully or partly, new and existing green or social assets that align with the eligibility criteria defined in Sun Life’s Sustainability Bond Framework.

The Debentures, not registered under the United States Securities Act of 1933, were sold under a pricing supplement dated June 27, 2023.

The offering adhered to the company’s short form base shelf prospectus and its prospectus supplement, both dated March 24, 2023. These documents are available on Sun Life’s SEDAR profile.

The Debentures cannot be offered, sold, or delivered within the United States or to U.S. individuals or entities, barring certain transactions exempted from registration under the Securities Act. The announcement doesn’t represent an offer to sell or solicitation to buy securities in the United States.

As a leading international financial services organization, Sun Life provides wealth management, insurance, health solutions, and asset management to individuals and institutional clients worldwide. The company operates in various markets including Canada, the U.S., the U.K., Ireland, Asia, and Australia. As of March 31, 2023, Sun Life managed assets totaling $1.36 trillion.

Sun Life Financial Inc. is listed on the Toronto (TSX), New York (NYSE), and Philippine (PSE) stock exchanges, trading under the ticker symbol SLF. The successful completion of this offering marks a significant step towards its commitment to sustainability and social responsibility.

All figures in Canadian dollars