Manulife Prices $750M Offering of Subordinated Notes
Manulife Financial Corporation (MFC) has priced a public offering in the United States for $750 million aggregate principal amount of subordinated notes. The notes carry an interest rate of 6.146% and are due in 2041, with a public offering price set at 100%. These instruments are expected to qualify as Tier 2 capital. The issuance is part of Manulife's ongoing strategy to strengthen its balance sheet through long-term financing options that meet regulatory requirements. The subordinated notes will provide the company with additional financial flexibility and support for future growth initiatives, particularly in a low-yield environment where securing stable funding remains crucial.
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