C$ unless otherwise
stated
TSX/NYSE/PSE: MFC SEHK: 945
TORONTO, Sept. 26,
2024 /PRNewswire/ - Manulife Financial Corporation
("MFC") today announced its intention to redeem at par on
November 21, 2024 all of its
outstanding 500 million Singapore
dollars principal amount of 3.00% Subordinated Notes (the
"Notes") due November 21, 2029. The
Notes are redeemable at MFC's option, in whole but not in part, on
November 21, 2024 and thereafter on
each interest payment date at a redemption price per Note equal to
par, together with accrued and unpaid interest to, but excluding,
the date of redemption. Formal notice will be delivered to holders
of Notes in accordance with MFC's Trust Indenture.
Interest on the Notes will cease to accrue on the redemption
date.
About Manulife
Manulife Financial Corporation is a leading international
financial services provider, helping people make their decisions
easier and lives better. With our global headquarters
in Toronto, Canada, we
provide financial advice and insurance, operating as Manulife
across Canada, Asia, and Europe, and primarily
as John Hancock in the United States. Through Manulife Investment
Management, the global brand for our Global Wealth and Asset
Management segment, we serve individuals, institutions, and
retirement plan members worldwide. At the end of 2023, we had more
than 38,000 employees, over 98,000 agents, and thousands of
distribution partners, serving over 35 million customers. We trade
as 'MFC' on the Toronto, New York, and the Philippine
stock exchanges, and under '945' in Hong Kong.
Not all offerings are available in all jurisdictions. For
additional information, please visit manulife.com.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/manulife-announces-intention-to-redeem-singapore-dollar-3-00-subordinated-notes-302260433.html
SOURCE The Manufacturers Life Insurance Company