Date Closed

May 15, 2024

Lead Office

Toronto

Value

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).