MANULIFE FINANCIAL CORP (MFC) Form 6-K — Jun 18, 2026
Manulife Financial Corporation announced the new interest rate for its $2 billion Limited Recourse Capital Notes Series 1. The rate has been set at 5.88300% per annum for the five-year period commencing June 19, 2026. This new rate is an increase from the previous 3.375% and was calculated using the Government of Canada Yield plus a fixed spread of 2.839%. Interest payments will continue to be made semi-annually in arrears on June 19 and December 19 of each year.
Key figures
- Debt Amount
- $2 billion
- Interest Rate
- 5.88300%
- Maturity Date
- June 19, 2081
- Reset Period
- June 19, 2026 to June 19, 2031
- Previous Rate
- 3.375%
- Payment Frequency
- Semi-annually
- Spread Over Benchmark
- 2.839%
AI analysis
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