Manulife completes Singapore dollar subordinated notes issue

Torys acted as counsel to Manulife with a team that included David Seville, Jonathan Cescon and David Leith (corporate/securities), Jerald Wortsman and Catrina Card (tax) and Tom Zverina (lending).

On May 25, 2016, Manulife Financial Corporation ("Manulife") announced that it completed an offering in Singapore of 500 million Singapore dollars principal amount of 3.85% subordinated notes due May 25, 2026. The issuance marked Manulife's first debt transaction in Asian capital markets.

The offering was made pursuant to an offering circular dated May 16, 2016. DBS Bank Ltd. and Standard Chartered Bank acted as joint lead managers and Australia and New Zealand Banking Group Limited acted as a co-manager for the offering.

Manulife is a leading international financial services group providing forward-thinking solutions to help people with their big financial decisions.

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