C$ unless otherwise stated
TSX/NYSE/PSE: MFC SEHK: 945
TORONTO, May 14, 2020 /PRNewswire/ - Manulife
Financial Corporation (NYSE: MFC) (the "Company") today announced
that it has priced a public offering in the United States of U.S.$500 million aggregate principal amount of 2.484%
senior notes due 2027 (the "Notes") at a public offering price of
100%. The offering was made pursuant to a preliminary prospectus
supplement, dated May 14, 2020, to
the Company's registration statement declared effective by the
Securities and Exchange Commission (the "SEC") on December 10, 2019.
The Company intends to use the net proceeds from the sale of the
Notes for general corporate purposes, including future refinancing
requirements.
BofA Securities, Inc., Citigroup Global Markets Inc., Goldman
Sachs & Co. LLC, J.P. Morgan Securities LLC and Morgan Stanley
& Co. LLC are acting as joint book-running managers for
the offering.
This release does not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such an
offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such state or
jurisdiction. A prospectus supplement and the accompanying
prospectus related to the offering have been filed with the SEC and
are available on its website at www.sec.gov. Copies of the
prospectus supplement and accompanying prospectus, when available,
may be obtained by contacting J.P. Morgan Securities LLC, 383
Madison Avenue, New York, New York
10179, Attention: Investment Grade Syndicate Desk – 3rd
Floor, or by calling at (212) 834-4533.
The securities will not be offered or sold, directly or
indirectly, in Canada or to any
resident of Canada.
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.
View original
content:http://www.prnewswire.com/news-releases/manulife-financial-corporation-prices-us-public-offering-of-senior-notes-301059886.html
SOURCE Manulife Financial Corporation