Sundance Strategies, Inc. announced a financing transaction that plans to syndicate a new bond fund of up to $500 million. Sundance Strategies intends to use the proceeds from the transaction to execute its strategy of acquiring and securitizing minimum-risk life insurance policies with favorable financial terms to the company. The facility will be issued at an aggregate principal amount of a minimum of $250 million and maximum amount of $500 million, which will be sold incrementally to accredited institutional investors. The bonds will be issued in minimum denominations of $10 million, and integral multiples of $1 million above the minimum. Interest on the bonds will accrue and be payable semiannually, bearing interest at an annual fixed rate of 5%. Subject to customary closing conditions, the proposed investment facility is expected to close in the fourth quarter 2020.