C$ unless otherwise stated
TSX/NYSE/PSE: MFC SEHK: 945
TORONTO, May 12, 2020 /CNW/ - Manulife Financial
Corporation ("MFC") has successfully completed its previously
announced offering of $1 billion
principal amount of fixed/floating subordinated debentures
due May 12, 2030 and $1 billion principal amount of 2.818%
fixed/floating subordinated debentures due May 13, 2035
(together, the "Debentures").
The Debentures were issued under prospectus supplements
dated May 8, 2020 to MFC's existing
short form base shelf prospectus. Details of the offering are set
out in the prospectus supplements which are available on the SEDAR
website for MFC at www.sedar.com. The debentures were offered
through a syndicate of dealers co-led by RBC Capital Markets,
Scotiabank Global Banking and Markets and TD Securities.
The Debentures have not been and will not be registered in
the United States under the United
States Securities Act of 1933, as amended (the "Securities Act"),
or the securities laws of any state of the United States and may not be offered, sold
or delivered, directly or indirectly in the United States or to, or for the account or
benefit of, a "U.S. person" (as defined in Regulation S under the
Securities Act) absent registration or an applicable exemption from
such registration requirements. This press release does not
constitute an offer to sell or a solicitation to buy securities in
the United States and any public
offering of the securities in the United
States must be made by means of a prospectus.
About Manulife
Manulife Financial Corporation is a leading international
financial services group that helps people make their decisions
easier and lives better. With our global headquarters in
Toronto, Canada, we operate as
Manulife across our offices in Canada, Asia,
and Europe, and primarily as
John Hancock in the United States. We provide financial
advice, insurance, and wealth and asset management solutions for
individuals, groups and institutions. At the end of 2019, we 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, we had $1.2 trillion (US$0.8
trillion) in assets under management and administration, and
in the previous 12 months we made $30.4
billion in payments to our customers. Our principal
operations are in Asia,
Canada and the United States where we have served
customers for more than 155 years. We trade as 'MFC' on the
Toronto, New York, and the Philippine stock exchanges
and under '945' in Hong Kong
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SOURCE Manulife Financial Corporation