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Manulife Financial Sells C$550 Million in Subordinated Notes

Nov. 20 (Bloomberg) -- Manulife Financial Corp.’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.

Link to Statement:{NSN LUYF333PR6RL <GO>}

Link to Company News:{MFC CN <Equity> CN <GO>}

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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