Sun Life to Redeem $500 Million in Subordinated Debentures Nov. 18
Toronto – September 22, 2026 -- Sun Life Financial Inc. (TSX: SLF) (NYSE: SLF) will redeem all $500 million principal amount of its outstanding Series 2021-1 Subordinated Unsecured 2.46% Fixed/Floating Debentures on September 22, 2026, funding the buyback entirely from existing cash and liquid assets.
Sun Life exercises its call option on 2.46% debentures ahead of rate reset
The Debentures become redeemable at Sun Life's option on or after September 22, 2026, at a price equal to the principal amount plus accrued and unpaid interest through the redemption date. The insurer confirmed it intends to exercise this option on that exact date, with formal notice to be delivered to Debenture holders under the terms of the governing trust indenture.