Manulife prices US$ 750 million subordinated notes offering - MFC News | RalliesManulife prices US$ 750 million subordinated notes offering
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MFC• Manulife prices US$750 million subordinated notes
- Manulife priced a US public offering of USD 750 million of 6.146% subordinated notes due 2041 at 100.
- Proceeds earmarked for general corporate purposes, including future refinancing needs.
- Notes scheduled to settle on Sept. 11, 2026.
- Coupon fixed at 6.146% to Sept. 11, 2036; then resets to the CMT Rate plus 1.35% to maturity.
- Issuer call options begin Sept. 11, 2031, subject to Canadian regulatory approval.
