Manulife Financial Corporation to Issue S$500 million 4.275% Subordinated Notes Due 2034
MFCMANULIFE(MFC) Prnewswire·2024-06-11 23:44

TSX/NYSE/PSE: MFC     SEHK: 945TORONTO, June 11, 2024 /PRNewswire/ - Manulife Financial Corporation ("Manulife") announced today that it has priced an offering in Singapore of S$500 million principal amount of 4.275% subordinated notes due June 19, 2034 (the "Notes"). The offering will be made pursuant to an offering circular dated June 11, 2024 and will qualify as Tier 2 capital for Manulife.The Notes will bear interest at a fixed rate of 4.275% until June 19, 2029 and thereafter at a rate of 1.201% over t ...