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NEWPORT BEACH, Calif. – April 19, 2021 – Days after officially introducing the company’s Sustainable Bond Framework , Pacific Life announced today it has completed an inaugural $800 million Sustainability Bond offering through the Capital Markets Group of its Institutional Division. The Sustainability Bonds were offered in the form of funding agreement-backed notes and drew the interest of over 70 investors, with more than half of the order book going specifically to environmental, social and governance (ESG)-focused investment accounts. “This issuance is an opportunity to expand the breadth and depth of our sustainable activities,” said Joe Krum, vice president and managing director, Institutional Capital Markets Group at Pacific Life. “Perhaps, more importantly, it’s a declaration of Pacific Life’s intention to be a key ESG thought leader and to engage investors based on our shared values and aspirational goals.”

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