Financing ·
Manulife prices $750M of 6.146% subordinated notes due 2041 at par
MFCManulife Financial Corp
Manulife Financial Corporation priced a U.S. public offering of $750,000,000 aggregate principal amount of 6.146% subordinated notes due 2041 at par (100.000%). The notes are anticipated to qualify as Tier 2 regulatory capital and will bear interest at a fixed annual rate until September 11, 2036, after which the rate resets based on the CMT Rate plus 1.350%. Issuance is expected on September 11, 2026, with net proceeds designated for general corporate purposes, including potential refinancing. BofA Securities, Citigroup, J.P. Morgan, and Morgan Stanley are acting as joint book-running managers. Manulife Financial Corporation operates in the international financial services industry, providing insurance, health solutions, and asset management across Canada, Asia, and the United States.