An anonymous director reports
MANULIFE FINANCIAL CORPORATION ANNOUNCES USD SENIOR NOTES PRIVATE PLACEMENT
Manulife Financial Corp. has entered into an agreement to privately place $200-million (U.S.) principal amount of 2.396 per cent senior notes due June 1, 2027.
The notes will be direct unsecured obligations of the company and rank equally in right of payment with all of its existing and future unsecured and unsubordinated indebtedness.
The offering is expected to close on or about June 1, 2020. It intends to use the net proceeds from the offering for general corporate purposes.
About Manulife Financial Corp.
Manulife Financial is a leading international financial services group that helps people make their decisions easier and lives better. At the end of 2019, the company had more than 35,000 employees, over 98,000 agents and thousands of distribution partners, serving almost 30 million customers. As of March 31, 2020, it had $1.2-trillion ($800-million (U.S.)) in assets under management and administration, and in the previous 12 months it made $30.4-billion in payments to its customers.
© 2020 Canjex Publishing Ltd. All rights reserved.