Manulife completes subordinated debenture offering
On December 1, 2014, The Manufacturers Life Insurance Company (MLI) completed its previously announced offering of C$500 million principal amount of subordinated debentures.
The 2.64% fixed/floating subordinated debentures, which are due January 15, 2025 and guaranteed by Manulife Financial Corporation on a subordinated basis, were offered through a syndicate of dealers co-led by RBC Capital Markets, BMO Capital Markets and TD Securities under a prospectus supplement dated November 26, 2014 to MLI's short form base shelf prospectus dated December 13, 2013.
MLI is the Canadian insurance company subsidiary of Manulife Financial Corporation, a leading Canada-based financial services group with principal operations in Asia, Canada and the United States.
Further information can be found on Canada Newswire's website.