On March 24, 2023, Sun Life Financial Inc. (SLF) announced its Medium-Term Note (MTN) Program, enabling the issuance of unsecured debentures across Canada. The notes, available with fixed or floating interest rates, were sold through agents including BMO Nesbitt Burns Inc., CIBC World Markets Inc., Desjardins Securities Inc., HSBC Securities (Canada) Inc., Laurentian Bank Securities Inc., Merrill Lynch Canada Inc., National Bank Financial Inc., RBC Dominion Securities Inc., Scotia Capital Inc., and TD Securities Inc.

The offering closed on the same date, with Torys LLP advising SLF and McCarthy Tétrault LLP representing the agents. Proceeds were allocated for general corporate purposes, including internal investments.