C$ unless otherwise
stated
TSX/NYSE/PSE: MFC SEHK: 945
TORONTO, May 22, 2020 /PRNewswire/ - Manulife Financial
Corporation ("MFC") announced today that it has entered into an
agreement to privately place U.S.$200
million principal amount of 2.396% senior notes due
June 1, 2027 (the "Notes").
The Notes will be direct unsecured obligations of MFC and rank
equally in right of payment with all of its existing and future
unsecured and unsubordinated indebtedness.
The offering is expected to close on or about June 1, 2020. MFC intends to use the net proceeds
from the offering for general corporate purposes.
The Notes 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 or other jurisdiction and
may not be offered or sold within the
United States, or to, or for the account or benefit of,
"U.S. persons" (as defined in Regulation S under the Securities
Act) except pursuant to an exemption from, or in a transaction not
subject to, the registration requirements of the Securities Act and
applicable state or local securities law. The offering will be made
solely to non-U.S. persons in offshore transactions pursuant to
Regulation S under the Securities Act. This press release does not
constitute an offer to sell or a solicitation to buy securities in
the United States or any other
jurisdiction where it is unlawful to do so.
The Notes will not be offered or sold, directly or indirectly,
in Canada or to any resident of
Canada.
About Manulife Financial Corporation
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