Sun Life Assurance Co., Canada, to redeem all 6.15% debentures

By Tali David

Minneapolis, May 9 - Sun Life Assurance Co. of Canada plans to redeem all C$800 million of its 6.15% subordinated debentures due 2022, according to a press release.

The debentures will be redeemed at par plus accrued interest on June 30.

Because June 30 is a Saturday, the company will make the payment on or after July 3 upon surrender of the debentures, the release said.

Sun Life Assurance Co. of Canada is a subsidiary of Sun Life Financial, a Toronto-based international financial services organization.

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