Torys is an adviser on The Banker's best equity transaction in the Americas

May 07, 2009

The Banker's Deals of the Year 2009The winner of The Banker's best equity transaction in the Americas was Manulife Financial's US$2 billion equity offering. Torys advised Manulife on the deal.

Says The Banker: The deal "overcame some incredible challenges. This complex transaction to raise a total of US$4 billion capital (US$2 billion bank loan and US$2 billion equity capital) was executed on the back of the pre-release of a US$1.5 billion loss in the final quarter of 2008, in the midst of extremely volatile markets and only three weeks after another US$3 billion bank financing was completed."

View the full list of winners here.

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