Sun Life completes inaugural C$750M Sustainability Bond Offering
Date Closed
August 13, 2019
Lead Office
Toronto
Value
750.00 Million CAD
The firm represented the agents in connection with Sun Life Financial Inc.’s issuance of C$750 million principal amount of Series 2019-1 Subordinated Unsecured 2.38% Fixed/Floating Debentures due 2029. The offering closed on August 13, 2019.
This transaction is particularly significant because the Debentures represent Sun Life's inaugural sustainability bond in Canada and marks the first issuance of a sustainability bond by a life insurance company globally.
McCarthy Tétrault LLP advised the agents with a team led by Andrew Armstrong that included Wendi Locke, Barry Ryan and Gabrielle Richards.