Manulife offers US$ 750 million subordinated notes due 2041 - MFC News | RalliesManulife offers US$ 750 million subordinated notes due 2041
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MFC• Manulife prices subordinated notes offering
- Manulife priced a USD 750 million offering of 6.146% subordinated notes due 2041.
- The notes were priced at 100 with a 0.45% underwriting discount.
- Settlement is set for Sept. 11, 2026.
- The coupon resets on Sept. 11, 2036 to the CMT Rate plus 1.35%.
- Net proceeds are expected to be USD 746.63 million before expenses for general corporate purposes, including future refinancing needs.
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