Home Breadcrumb caret Industry News Breadcrumb caret Industry Sun Life to issue sustainability bond Bond will invest in both green and social assets By Staff | August 8, 2019 | Last updated on August 8, 2019 1 min read © efired / 123RF Stock Photo Toronto-based Sun Life Financial Inc. says it is the world’s first life insurer to offer a sustainability bond. The firm announced Wednesday that it intends to issue $750 million in unsecured debentures with an interest rate of 2.38% due in 2029. The offering is expected to close Aug. 13, 2019. The bonds will invest in both green and social assets that contribute to the long-term health of communities, Sun Life said in a release, such as infrastructure investments for hospitals or childcare centres. “As part of our investment process, we look at environmental, social and governance considerations, as well as other non-financial risks related to sustainability,” Sun Life chief investment officer Randy Brown said in a statement. The bonds will be sold by a syndicate led by RBC Capital Markets, CIBC Capital Markets and HSBC Securities (Canada) Inc. Staff The staff of Advisor.ca have been covering news for financial advisors since 1998. Save Stroke 1 Print Group 8 Share LI logo