Manulife Financial (HKG:0945, PSE:MFC) plans to issue CA$500 million of 3.983% fixed/floating subordinated debentures due to mature May 23, 2035, a Wednesday Hong Kong bourse filing said.
The insurer may fully or partially redeem the debentures on or after May 23, 2030, subject to prior regulatory approval.
Net proceeds from the issue will be used for general corporate purposes, including investment in subsidiaries and potential future redemptions of existing securities.
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