Manufacturers Life Insurance completes subordinated debenture offering

On February 21, 2014, The Manufacturers Life Insurance Company (MLI) completed its previously announced offering of C$500 million aggregate principal amount of subordinated debentures, due February, 2024.

The 2.811% fixed/floating subordinated debentures were offered on a best efforts basis through a syndicate of dealers co-led by RBC Capital Markets, BMO Capital Markets and TD Securities and consisting of CIBC World Markets, Scotiabank, Merrill Lynch Canada, National Bank Financial, HSBC Securities (Canada) Inc., Laurentian Bank Securities, Canaccord Genuity Corp., Desjardins Securities and Manulife Securities.

The debentures, which are guaranteed by Manulife Financial Corporation on a subordinated basis, were issued under a prospectus supplement dated February 18, 2014 to MLI's short form base shelf prospectus dated December 13, 2013 .

MLI is the Canadian insurance subsidiary of Manulife Financial, a financial services company providing financial protection and wealth management products and services, to individual and group customers in Canada, the United States and Asia.

Further information can be found on Manulife Financial's website.