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Sun Life sets 5.614% interest rate for $1B capital notes from June 2026 to 2031

Company Fundamentals
29 Jun 2026
PRNewsWire
View Source
Neutral
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Sun Life Financial announced the interest rate for its $1 billion Limited Recourse Capital Notes Series 2021-1 will be 5.614% per annum for the five-year period starting June 30, 2026. This rate is based on the Government of Canada Yield plus a margin of 2.604%. Interest payments will be made semi-annually, with the first payment due December 31, 2026. The notes mature in 2081, and Sun Life may redeem them starting in 2031 with regulatory approval. This update informs investors about the cost of capital and future interest income from these notes.

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