Sun Life Completes $400 Million Offering of Subordinated Debentures

On January 30, 2008, Sun Life Financial Inc., a leading international financial services organization with total group assets under management of $427 billion, completed a public offering of $400,000,000 principal amount of subordinated unsecured 5.59 per cent fixed/floating debentures due 2023. The offering was co-led by RBC Dominion Securities Inc. and Merrill Lynch Canada Inc. and the agency syndicate included CIBC World Markets, HSBC Securities (Canada) Inc., Scotia Capital Inc., BMO Nesbitt Burns Inc., National Bank Financial Inc., and TD Securities Inc.

Sun Life was represented by Tom Bogart, Eric Weinheimer and Alec Svoboda of Sun Life, and Philip Mohtadi, Melissa Ewert, Maya Zor (corporate) and James Welkoff and Kathy Moore (tax) of Torys LLP.

The agents were represented by Barry Ryan, Ian Michael, Leslie Milroy (financial services/corporate) and Gabrielle Richards (tax) of McCarthy T├ętrault LLP.