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Sun Life Financial completes third sustainability bond offering with syndicate co-led by RBC Capital Markets, BMO Capital Markets, and Scotiabank

Date Closed

May 15, 2024

Lead Office



750.00 Million CAD

On May 15, 2024, Sun Life Financial Inc. (the "Company") completed an offering of C$750 million principal amount of Series 2024-1 Subordinated Unsecured 5.12% Fixed/Floating Debentures due 2036 (the "Debentures"). The Debentures represent the Company's third offering of sustainability bonds in Canada. The Debentures were sold under a pricing supplement dated May 13, 2024, issued pursuant to the Company's short form base shelf prospectus and its prospectus supplement each dated March 24, 2023. The Debentures were sold by a syndicate co-led by RBC Capital Markets, BMO Capital Markets and Scotiabank, as joint bookrunners, that included CIBC Capital Markets, TD Securities, BofA Securities and National Bank Financial, as co-managers.

McCarthy Tétrault advised the Agents with a team led by Andrew Parker that included Michael Eldridge, Suzie Cusson, Rebecca Summers (Business), Kabir Jamal, Dean Xiao and Suhaylah Sequeira (Tax).