Sun Life Capital Trust Issues SLEECS

Sun Life Capital Trust, a subsidiary of Sun Life Assurance Company of Canada, completed an offering of $200 million of Sun Life ExchangEable Capital Securities series B (SLEECS series B) on June 25, 2002. Sun Life Capital Trust is a special purpose entity set up to issue securities that qualify as tier-one capital for regulatory purposes. This offering is a follow-up to the $950 million offering of SLEECS series A last fall.

Sun Life was represented in-house by Natalie Ochrym and William Zeyl. Torys LLP acted for Sun Life Assurance, with a team that included Matt Cockburn, Phil Mohtadi, Paul Guthrie and David Boyko (corporate), Blair Keefe (regulatory) and Lucia ten Kortenaar, Tim Rorabeck and Craig Burley (tax).

McCarthy Tétrault LLP acted for the underwriters, RBC Dominion Securities Inc., Merrill Lynch Canada Inc., BMO Nesbitt Burns Inc., CIBC World Markets Inc., Scotia Capital Inc., TD Securities Inc., HSBC Securities (Canada) Inc. and National Bank Financial Inc., with a team that included Barry Ryan, Jonathan Grant, Steve Kim and Tara Cutler, and Gabrielle Richards and Michael Quigley (tax).