Sun Life to redeem $500M subordinated notes in 2026

Q: What did Sun Life Financial Inc. (SLF) announce regarding its Series 2021-1 debentures?

Sun Life announced its intention to redeem all outstanding $500 million principal amount of Series 2021-1 Subordinated Unsecured 2.46% Fixed/Floating Debentures in accordance with their redemption terms, using existing cash and liquid assets.

Q: How will Sun Life (SLF) fund the redemption of the $500 million subordinated debentures?

Sun Life states that the redemption of the $500 million Series 2021-1 Subordinated Unsecured 2.46% Fixed/Floating Debentures will be funded from existing cash and liquid assets.

Q: How large is Sun Life’s asset base relative to the $500 million redemption?

As of June 30, 2026, Sun Life reported $1.70 trillion in total assets under management. The planned redemption relates to $500 million principal amount of subordinated debentures within this larger asset management base.

Sun Life plans to redeem all $500 million of its 2.46% subordinated debentures on November 18, 2026 using existing cash and liquid assets.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

6-K

Rhea-AI Filing Summary

Sun Life Financial Inc. (SLF) announced its intention to redeem all of its $500 million principal amount of Series 2021-1 Subordinated Unsecured 2.46% Fixed/Floating Debentures. Sun Life plans to fund the redemption from existing cash and liquid assets and intends to complete it on November 18, 2026.

The Debentures are redeemable at Sun Life's option at a price equal to the principal amount plus accrued and unpaid interest to the redemption date, after which interest will cease to accrue and holders will be entitled only to receive the redemption price.

Positive

Planned full redemption of $500 million subordinated debentures reduces outstanding subordinated debt and is funded from existing cash and liquid assets, signaling balance sheet capacity.

Negative

None.

Key Figures

Debentures principal amount: $500,000,000 Coupon rate: 2.46% Redemption date: November 18, 2026 +2 more

5 metrics

Debentures principal amount $500,000,000 Series 2021-1 Subordinated Unsecured 2.46% Fixed/Floating Debentures to be redeemed in full

Coupon rate 2.46% Fixed/Floating interest rate on the Series 2021-1 subordinated debentures

Redemption date November 18, 2026 Intended date Sun Life plans to redeem all outstanding Series 2021-1 debentures

Assets under management $1.70 trillion Total assets under management as of June 30, 2026

Funding source Existing cash and liquid assets Method Sun Life will use to fund the debenture redemption

Key Terms

Subordinated Unsecured Debentures, redemption price, accrued and unpaid interest, assets under management, +1 more

5 terms

Subordinated Unsecured Debentures financial

"Series 2021-1 Subordinated Unsecured 2.46% Fixed/Floating Debentures"

redemption price financial

"at a redemption price per Debenture equal to the principal amount"

The redemption price is the amount of money a person receives when they sell or redeem a bond or investment before it matures. It’s important because it determines how much you get back and can affect your overall profit or loss on the investment. Think of it like the price you get when returning a gift card early—it's the value you receive at that time.

accrued and unpaid interest financial

"together with accrued and unpaid interest to the date of redemption"

Accrued and unpaid interest is the interest that has built up on a loan or debt but hasn't been paid yet. It's like owing your friend money for a favor over time—you're expected to pay it later, even though you haven't paid it yet. This matters because it shows how much you owe beyond the original amount borrowed.

assets under management financial

"As of June 30, 2026, Sun Life had total assets under management"

Assets under management (AUM) is the total value of all the investments that a financial company or fund is responsible for overseeing on behalf of its clients. It’s like a big bucket that shows how much money the firm is managing for people or organizations. A higher AUM often indicates a larger, more trusted company, and it can influence how much money they earn and the services they can offer.

forward-looking statements regulatory

"Forward-Looking Statements From time to time, Sun Life makes written or oral forward-looking statements"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Sun Life Financial Inc. (SLF) announce regarding its Series 2021-1 debentures?

Sun Life announced its intention to redeem all outstanding $500 million principal amount of Series 2021-1 Subordinated Unsecured 2.46% Fixed/Floating Debentures in accordance with their redemption terms, using existing cash and liquid assets.

When does Sun Life (SLF) intend to redeem the Series 2021-1 subordinated debentures?

Sun Life intends to redeem the Series 2021-1 Subordinated Unsecured 2.46% Fixed/Floating Debentures on November 18, 2026, which is the first date on or after which the Debentures are redeemable at Sun Life's option.

What price will holders of Sun Life’s Series 2021-1 debentures receive on redemption?

On redemption, holders are expected to receive a price per Debenture equal to the principal amount together with accrued and unpaid interest to the date of redemption, as provided in the Debentures’ redemption terms.

How will Sun Life (SLF) fund the redemption of the $500 million subordinated debentures?

Sun Life states that the redemption of the $500 million Series 2021-1 Subordinated Unsecured 2.46% Fixed/Floating Debentures will be funded from existing cash and liquid assets.

What happens to interest on Sun Life’s Series 2021-1 debentures after the redemption date?

After the Debentures are redeemed, interest will cease to accrue from and after the Redemption Date, and holders will not have rights as holders other than to receive the redemption price.

How large is Sun Life’s asset base relative to the $500 million redemption?

As of June 30, 2026, Sun Life reported $1.70 trillion in total assets under management. The planned redemption relates to $500 million principal amount of subordinated debentures within this larger asset management base.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 6-K: How Foreign Companies Report to the SEC →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

Available on EDGAR 09/22/2026 - 06:01 AM Accepted by SEC EDGAR 09/21/2026 - 06:49 PM

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 6-K

Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
under the Securities Exchange Act of 1934

For the month of September 2026

Commission File Number: 001-15014

SUN LIFE FINANCIAL INC.

(Translation of registrant's name into English)

1 York Street, 31st Floor, Toronto, Ontario, M5J 0B6

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ☐

Form 40-F ☒


Exhibits		Description

99.1		News Release dated September 21, 2026

SIGNATURE

Pursuant to the requirement of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.


	*Sun Life Financial Inc.* (Registrant)



Date: September 21, 2026	By:	/s/ “Kevin Armitage”
		Kevin Armitage
		AVP & Managing Counsel, Corporate Legal

Exhibit 99.1

Sun Life announces intention to redeem Series 2021-1 Subordinated Unsecured 2.46% Fixed/Floating Debentures

TORONTO, Sept. 21, 2026 /CNW/ -- Sun Life Financial Inc. (TSX: SLF) (NYSE: SLF) ("Sun Life") today announced its intention to redeem all of the outstanding $500 million principal amount of Series 2021-1 Subordinated Unsecured 2.46% Fixed/Floating Debentures (the "Debentures") in accordance with the redemption terms attached to the Debentures. The redemption will be funded from existing cash and liquid assets.

The Debentures are redeemable at Sun Life's option on or after November 18, 2026 at a redemption price per Debenture equal to the principal amount together with accrued and unpaid interest to the date of redemption. Sun Life intends to redeem the Debentures on November 18, 2026 (the "Redemption Date"). Notice will be delivered to the holders of the Debentures in accordance with the terms outlined in the trust indenture governing the Debentures.

After the Debentures are redeemed, interest will cease to accrue from and after the Redemption Date and holders of Debentures will not be entitled to exercise any rights as holders other than to receive the redemption price.

About Sun Life

Sun Life is a leading international financial services organization providing asset management, wealth, insurance and health solutions to individual and institutional Clients. Sun Life has operations in a number of markets worldwide, including Canada, the U.S., the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia and Bermuda. As of June 30, 2026, Sun Life had total assets under management of $1.70 trillion. For more information, please visit www.sunlife.com.

Sun Life Financial Inc. trades on the Toronto (TSX), New York (NYSE) and Philippine (PSE) stock exchanges under the ticker symbol SLF.

Note to editors: All figures in Canadian dollars

Forward-Looking Statements

From time to time, Sun Life makes written or oral forward-looking statements within the meaning of certain securities laws, including the "safe harbour" provisions of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities legislation. Forward-looking statements contained in this release include, without limitation, statements relating to Sun Life's anticipated redemption of the Debentures. These statements represent our current expectations, estimates, and projections regarding future events and are not historical facts, and remain subject to change. Forward-looking statements are not a guarantee of future performance and involve risks and uncertainties that are difficult to predict. Information about forward-looking statements and risk factors relating to the Company are set out in our MD&A for the period ended June 30, 2026 and in Sun Life Financial Inc.'s other annual and interim regulatory filings filed with Canadian securities regulators or furnished to U.S. securities regulators, which are available for review at www.sedarplus.ca and www.sec.gov, respectively.

The Company does not undertake any obligation to update or revise its forward-looking statements to reflect events or circumstances after the date of this document or to reflect the occurrence of unanticipated events, except as required by law.

To contact Sun Life media relations, please email Media.Relations@sunlife.com.

To contact Sun Life investor relations, please email Investor_Relations@sunlife.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/sun-life-announces-intention-to-redeem-series-2021-1-subordinated-unsecured-2-46-fixedfloating-debentures-302885207.html

SOURCE Sun Life Financial Inc. - Financial News

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/September2026/21/c3660.html

%CIK: 0001097362

CO: Sun Life Financial Inc. - Financial News

CNW 17:02e 21-SEP-26

Source: View Original Filing on SEC EDGAR

Filing Exhibits & Attachments

2 documents