{"id":384469,"date":"2020-11-18T16:18:25","date_gmt":"2020-11-18T21:18:25","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=384469"},"modified":"2020-11-18T16:18:25","modified_gmt":"2020-11-18T21:18:25","slug":"manulife-announces-intention-to-redeem-2-389-fixed-floating-subordinated-debentures","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/manulife-announces-intention-to-redeem-2-389-fixed-floating-subordinated-debentures\/","title":{"rendered":"Manulife announces intention to redeem 2.389% Fixed\/Floating Subordinated Debentures"},"content":{"rendered":"
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PR Newswire<\/p>\n<\/p><\/div>\n

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C$ unless otherwise stated\u00a0
TSX\/NYSE\/PSE: MFC\u00a0\u00a0\u00a0\u00a0 SEHK: 945<\/p>\n

\n TORONTO<\/span>, Nov. 18, 2020<\/span> \/PRNewswire\/ – The Manufacturers Life Insurance Company (“MLI”) today announced its intention to redeem at par on January 5, 2021<\/span> all of its outstanding $350,000,000<\/span> principal amount of 2.389% Fixed\/Floating Subordinated Debentures (the “Debentures”) due January 5, 2026<\/span>. The Debentures are redeemable at MLI’s option on or after January 5, 2021<\/span> at a redemption price per Debenture equal to par, together with accrued and unpaid interest to but excluding the date of redemption. Formal notice will be delivered to holders of Debentures in accordance with MLI’s Amended and Restated Trust Indenture.<\/p>\n

\n

\n
\n \"Manulife
\n <\/a>\n <\/p>\n<\/p><\/div>\n

Interest on the Debentures will cease to accrue on the redemption date.<\/p>\n

\n About Manulife<\/b>\n <\/p>\n

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<\/span>, we operate as Manulife across our offices in Canada<\/span>, Asia<\/span>, and Europe<\/span>, and primarily as John Hancock<\/span> in the United States<\/span>. We provide financial advice, insurance, and wealth and asset management solutions for individuals, groups and institutions. At the end of 2019, we had more than 35,000 employees, over 98,000 agents, and thousands of distribution partners, serving almost 30 million customers. As of September 30, 2020<\/span>, we had $1.3 trillion<\/span> (US$943 billion<\/span>) in assets under management and administration, and in the previous 12 months we made $31.2 billion<\/span> in payments to our customers. Our principal operations are in Asia<\/span>, Canada<\/span> and the United States<\/span> where we have served customers for more than 155 years. We trade as ‘MFC’ on the Toronto<\/span>, New York<\/span>, and the Philippine stock exchanges and under ‘945’ in Hong Kong<\/span>.<\/p>\n

<\/div>\n

\n \"Cision\" View original content to download multimedia:http:\/\/www.prnewswire.com\/news-releases\/manulife-announces-intention-to-redeem-2-389-fixedfloating-subordinated-debentures-301176340.html<\/a><\/p>\n

SOURCE Manulife Financial Corporation<\/p>\n<\/p><\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

PR Newswire C$ unless otherwise stated\u00a0TSX\/NYSE\/PSE: MFC\u00a0\u00a0\u00a0\u00a0 SEHK: 945 TORONTO, Nov. 18, 2020 \/PRNewswire\/ – The Manufacturers Life Insurance Company (“MLI”) today announced its intention to redeem at par on January 5, 2021 all of its outstanding $350,000,000 principal amount of 2.389% Fixed\/Floating Subordinated Debentures (the “Debentures”) due January 5, 2026. The Debentures are redeemable at MLI’s option on or after January 5, 2021 at a redemption price per Debenture equal to par, together with accrued and unpaid interest to but excluding the date of redemption. Formal notice will be delivered to holders of Debentures in accordance with MLI’s Amended and Restated Trust Indenture. Interest on the Debentures will cease to accrue on the redemption date. About Manulife Manulife Financial … <\/p>\n

Continue reading “Manulife announces intention to redeem 2.389% Fixed\/Floating Subordinated Debentures”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-384469","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nManulife announces intention to redeem 2.389% Fixed\/Floating Subordinated Debentures - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/manulife-announces-intention-to-redeem-2-389-fixed-floating-subordinated-debentures\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Manulife announces intention to redeem 2.389% Fixed\/Floating Subordinated Debentures - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire C$ unless otherwise stated\u00a0TSX\/NYSE\/PSE: MFC\u00a0\u00a0\u00a0\u00a0 SEHK: 945 TORONTO, Nov. 18, 2020 \/PRNewswire\/ – The Manufacturers Life Insurance Company (“MLI”) today announced its intention to redeem at par on January 5, 2021 all of its outstanding $350,000,000 principal amount of 2.389% Fixed\/Floating Subordinated Debentures (the “Debentures”) due January 5, 2026. 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