MANULIFE FINANCIAL CORP (MFC) Form 6-K — May 26, 2026
Manulife Financial Corporation has priced an offering of S$500 million (approx. C$500 million) in 2.880% subordinated notes due June 4, 2036. The notes qualify as Tier 2 capital for the insurer and will bear a fixed interest rate of 2.880% until June 4, 2031, after which the rate will reset to 0.931% over the five-year SORA OIS rate. The offering is expected to close on June 4, 2026, with DBS Bank, HSBC, and Standard Chartered acting as joint lead managers.
Key figures
- Debt Amount
- 500000000
- Interest Rate
- 2.880%
- Maturity Date
- 2036-06-04
- Currency
- SGD
- Note Type
- Subordinated Notes
- Reset Date
- 2031-06-04
- Reset Rate
- 0.931% over 5-year SORA OIS
- Capital Tier
- Tier 2
AI analysis
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