C$ unless otherwise
stated TSX/NYSE/PSE: MFC SEHK:
945
TORONTO, March 10,
2023 /CNW/ - Manulife Financial Corporation
("MFC") has successfully completed its previously
announced offering of $1,200,000,000 principal amount of 5.409%
fixed/floating subordinated debentures due March 10, 2033 (the "Debentures").
The Debentures were issued under a prospectus supplement dated
March 7, 2023 to MFC's existing short
form base shelf prospectus. Details of the offering are set out in
the prospectus supplement which is 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 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 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 2022, we had more than 40,000 employees,
over 116,000 agents, and thousands of distribution partners,
serving over 34 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.
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SOURCE Manulife Financial Corporation