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Manulife completes C$500M subordinated debenture offering


Date

May 23, 2025

Office Involved

Value

500 Million CAD

On May 23, 2025, Manulife Financial Corporation ("MFC") issued C$500 million principal amount of 3.983% fixed/floating subordinated debentures due May 23, 2035 (the "Debentures"). The Debentures will bear interest at a fixed rate of 3.983% until May 23, 2030 and thereafter at a rate of 1.32% over Daily Compounded CORRA.

The offering was issued through a syndicate of dealers co-led by RBC Capital Markets, CIBC Capital Markets and TD Securities.

McCarthy Tétrault advised RBC Capital Markets and the dealers with a team led by Andrew Parker that included Jo-Anna Brimmer, Daryna Kutsyna, Dan Schechner (Corporate), Kabir Jamal, Leonard Nesbitt, Kathryn Walker (Tax), and John Boscariol (Trade).

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