Manulife completes subordinated debenture offering

On March 10, 2023, Manulife Financial Corporation (“Manulife”) announced the successful completion of its previously announced offering of C$1,200,000,000 principal amount of 5.409% fixed/floating subordinated debentures due March 10, 2033.

The debentures were offered on a best efforts agency basis by a syndicate of dealers co-led by RBC Capital Markets, Scotiabank and TD Securities.

Manulife intends to use the net proceeds from the offering for general corporate purposes, including investment in subsidiaries and potential future redemptions of existing securities.

Further information can be found on PR Newswire’s website.

Manulife Financial Corporation is a leading international financial services provider that helps people make their decisions easier and lives better.