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Sun Life announces third sustainability bond offering

Written by Adam Cadle
15/05/2024

Sun Life intends to issue in Canada $750m principal amount of series 2024-1 subordinated unsecured 5.12% fixed/floating debentures due 2036.

The debentures will represent Sun Life’s third offering of sustainability bonds in Canada. An amount equal to the net proceeds from the offering of the debentures will be used to finance or refinance, in whole or in part, green and social assets within the company’s general account that meet the eligibility criteria set out under Sun Life’s 2024 Sustainability Bond Framework.

Sun Life completed its inaugural sustainability bond offering in 2019. As part of the company’s focus on sustainable investing, Sun Life manages general account assets with material ESG factors embedded in its investment processes. In addition, Sun Life invests general account assets in ways that support a low-carbon and more inclusive society.


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