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Manulife Financial Sells C$550 Million in Subordinated Notes

Manulife Financial Corp. (MFC)’s Canadian subsidiary has sold C$550 million of subordinated debentures, according to a statement from the company on the Hong Kong stock exchange’s website.

The 10-year notes have a 4.21 percent coupon and were sold by The Manufacturers Life Insurance Company, the statement said.

RBC Capital Markets and TD Securities Inc. managed the deal.

To contact the reporter on this story: Rachel Evans in Hong Kong at revans43@bloomberg.net

To contact the editor responsible for this story: Chua Kong Ho at kchua6@bloomberg.net

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