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Manulife Financial Corporation completes $2.275 billion equity offerings

Date Closed

December 11, 2008

Lead Office



2.28 Billion CAD

On December 11, 2008, Manulife Financial Corporation completed offerings of equity securities raising a total of $2.275 billion. $1.125 billion of common shares were sold by way of private placement to eight existing institutional investors. $1.150 billion of common shares were sold to a syndicate of underwriters in a "bought deal" public offering. The common shares were offered through agents and underwriters led by Scotia Capital Inc.

Manulife or Manulife Financial is a Canadian insurance company and financial services provider, with a head office in Toronto, Canada.

The agents and underwriters were represented by McCarthy Tétrault LLP with a team consisting of Barry Ryan, Andrew Parker, Richard Higa and Matthew Appleby and Leila Rafi (business law), and Jerald Wortsman and Gabrielle Richards (tax).