Date Closed

November 18, 2011

Lead Office

Toronto

Value

550.00 Million CAD

On November 18, 2011, The Manufacturers Life Insurance Company (Manulife) issued C$550 million of 4.21% fixed/floating subordinated debentures due November 18, 2021, which are guaranteed on a subordinated basis by Manulife Financial Corporation. The debentures were offered through a syndicate of dealers which was co-led by RBC Capital Markets and TD Securities Inc. and included BMO Capital Markets, CIBC World Markets Inc., Scotia Capital Inc., National Bank Financial Inc., Merrill Lynch Canada Inc., HSBC Securities (Canada) Inc., Desjardins Securities Inc., Manulife Securities Incorporated, Canaccord Genuity Corp. and Laurentian Bank Securities Inc.

The Manufacturers Life Insurance Company, headquartered in Toronto, Ontario, is the insurance company subsidiary of Manulife Financial Corporation.

McCarthy Tétrault LLP represented RBC Capital Markets and TD Securities, the co-lead dealers, and the syndicate of dealers, with a team led by Barry Ryan.