Manulife completes subordinated debenture offering

On May 23, 2025, Manulife Financial Corporation ("MFC") successfully completed its previously announced Canadian public offering of C$500 million principal amount of 3.983% fixed/floating subordinated debentures due May 23, 2035, which bear interest at a fixed rate of 3.983% until May 23, 2030 and thereafter at a rate of 1.32% over Daily Compounded CORRA. The offering was done on a best efforts agency basis by a syndicate co-led by RBC Capital Markets, Scotiabank and TD Securities.

Net proceeds from the offering of the debentures are for general corporate purposes, including investment in subsidiaries and potential future redemptions of existing securities.

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

Manulife Financial Corporation is a leading international financial services group that helps people achieve their dreams and aspirations by putting customers' needs first and providing the right advice and solutions.