C$ unless otherwise stated
TSX/NYSE/PSE: MFC
SEHK:945
TORONTO, Nov. 20, 2015 /CNW/ - The Manufacturers Life Insurance Company
("MLI"), the Canadian insurance company subsidiary of Manulife
Financial Corporation, has successfully completed its previously
announced offering of $1 billion principal amount of subordinated
debentures.
The 3.181% fixed/floating subordinated debentures due November 22, 2027,
which are guaranteed by Manulife Financial Corporation on a
subordinated basis, were issued under a prospectus supplement dated
November 17, 2015 to MLI'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 MLI at www.sedar.com. The debentures were offered through a syndicate of dealers co-led by
RBC Capital Markets, BMO Capital Markets and Scotiabank Global Banking
and Markets.
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 group providing forward-thinking solutions to help people with
their big financial decisions. We operate as John Hancock in the
United States, and Manulife elsewhere. We provide financial advice,
insurance and wealth and asset management solutions for individuals,
groups and institutions. At the end of 2014, we had 28,000 employees,
58,000 agents, and thousands of distribution partners, serving 20
million customers. At the end of September 2015, we had $888 billion
(US$663 billion) in assets under management and administration, and in
the previous 12 months we made more than $23 billion in benefits,
interest and other payments to our customers. Our principal operations
are in Asia, Canada and the United States where we have served
customers for more than 100 years. With our global headquarters in
Toronto, Canada, we trade as 'MFC' on the Toronto, New York, and the
Philippine stock exchanges and under '945' in Hong Kong. Follow
Manulife on Twitter @ManulifeNews or visit www.manulife.com or www.johnhancock.com.
SOURCE Manulife Financial Corporation
