C$ unless otherwise stated
TSX/NYSE/PSE: MFC SEHK: 945
TORONTO, April 26, 2021 /CNW/ - Manulife Financial
Corporation ("MFC") today announced its intention to redeem at par
on June 23, 2021 all of its
outstanding U.S.$1 billlion principal
amount of 4.70% senior notes due June 23,
2046 (the "Notes"). The Notes are redeemable at MFC's option
in whole, but not in part, on June 23,
2021 and thereafter on every June
23rd at a redemption price 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 group that helps people make their decisions
easier and lives better. With our global headquarters in
Toronto, Canada, we operate as
Manulife across our offices in Canada, Asia,
and Europe, and primarily as
John Hancock in the United States. We provide financial
advice, insurance, and wealth and asset management solutions for
individuals, groups and institutions. At the end of 2020, we had
more than 37,000 employees, over 118,000 agents, and thousands of
distribution partners, serving over 30 million customers. As of
December 31, 2020, we had
$1.3 trillion (US$1.0 trillion) in assets under management and
administration, and in the previous 12 months we made $31.6 billion in payments to our customers. Our
principal operations are in Asia,
Canada and the United States where we have served
customers for more than 155 years. We trade as 'MFC' on the
Toronto, New York, and the Philippine stock exchanges
and under '945' in Hong Kong.
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SOURCE Manulife Financial Corporation