{"id":473248,"date":"2021-04-07T16:18:35","date_gmt":"2021-04-07T20:18:35","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=473248"},"modified":"2021-04-07T16:18:35","modified_gmt":"2021-04-07T20:18:35","slug":"manulife-financial-corporation-announces-intention-to-redeem-singapore-dollar-3-85-subordinated-notes","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/manulife-financial-corporation-announces-intention-to-redeem-singapore-dollar-3-85-subordinated-notes\/","title":{"rendered":"Manulife Financial Corporation announces intention to redeem Singapore dollar 3.85% Subordinated Notes"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>C$ unless otherwise stated<\/p>\n<p>TSX\/NYSE\/PSE: MFC\u00a0\u00a0\u00a0\u00a0 SEHK: 945<\/p>\n<p>\n        <span class=\"xn-location\">TORONTO<\/span>, <span class=\"xn-chron\">April 7, 2021<\/span> \/PRNewswire\/ &#8211; Manulife Financial Corporation (&#8220;MFC&#8221;) today announced its intention to redeem at par on <span class=\"xn-chron\">May 25, 2021<\/span> all of its outstanding <span class=\"xn-money\">500 million Singapore dollars<\/span> principal amount of 3.85% Subordinated Notes (the &#8220;Notes&#8221;) due <span class=\"xn-chron\">May 25, 2026<\/span>. The Notes are redeemable at MFC&#8217;s option in whole, but not in part, on <span class=\"xn-chron\">May 25, 2021<\/span> and thereafter on each interest payment date 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&#8217;s Trust Indenture.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/1483180\/Manulife_Financial_Corporation_Manulife_Financial_Corporation_an.html\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/1483180\/Manulife_Financial_Corporation_Manulife_Financial_Corporation_an.jpg\" title=\"Manulife Financial Corporation logo (CNW Group\/Manulife Financial Corporation)\" alt=\"Manulife Financial Corporation logo (CNW Group\/Manulife Financial Corporation)\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>Interest on the Notes will cease to accrue on the redemption date.<\/p>\n<p>\n        <b>About Manulife<br \/><\/b>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 <span class=\"xn-location\">Toronto, Canada<\/span>, we operate as Manulife across our offices in <span class=\"xn-location\">Canada<\/span>, <span class=\"xn-location\">Asia<\/span>, and <span class=\"xn-location\">Europe<\/span>, and primarily as <span class=\"xn-person\">John Hancock<\/span> in <span class=\"xn-location\">the United States<\/span>. 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 <span class=\"xn-chron\">December 31, 2020<\/span>, we had <span class=\"xn-money\">$1.3 trillion<\/span> (<span class=\"xn-money\">US$1.0 trillion<\/span>) in assets under management and administration, and in the previous 12 months we made <span class=\"xn-money\">$31.6 billion<\/span> in payments to our customers. Our principal operations are in <span class=\"xn-location\">Asia<\/span>, <span class=\"xn-location\">Canada<\/span> and <span class=\"xn-location\">the United States<\/span> where we have served customers for more than 155 years. We trade as &#8216;MFC&#8217; on the <span class=\"xn-location\">Toronto<\/span>, <span class=\"xn-location\">New York<\/span>, and the Philippine stock exchanges and under &#8216;945&#8217; in <span class=\"xn-location\">Hong Kong<\/span>.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2\"><\/div>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=TO35654&amp;sd=2021-04-07\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/manulife-financial-corporation-announces-intention-to-redeem-singapore-dollar-3-85-subordinated-notes-301264499.html\">http:\/\/www.prnewswire.com\/news-releases\/manulife-financial-corporation-announces-intention-to-redeem-singapore-dollar-3-85-subordinated-notes-301264499.html<\/a><\/p>\n<p>SOURCE  Manulife Financial Corporation<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=TO35654&amp;Transmission_Id=202104071615PR_NEWS_USPR_____TO35654&amp;DateId=20210407\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire C$ unless otherwise stated TSX\/NYSE\/PSE: MFC\u00a0\u00a0\u00a0\u00a0 SEHK: 945 TORONTO, April 7, 2021 \/PRNewswire\/ &#8211; Manulife Financial Corporation (&#8220;MFC&#8221;) today announced its intention to redeem at par on May 25, 2021 all of its outstanding 500 million Singapore dollars principal amount of 3.85% Subordinated Notes (the &#8220;Notes&#8221;) due May 25, 2026. The Notes are redeemable at MFC&#8217;s option in whole, but not in part, on May 25, 2021 and thereafter on each interest payment date 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&#8217;s Trust Indenture. Interest on the Notes will cease to accrue on &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/manulife-financial-corporation-announces-intention-to-redeem-singapore-dollar-3-85-subordinated-notes\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Manulife Financial Corporation announces intention to redeem Singapore dollar 3.85% Subordinated Notes&#8221;<\/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-473248","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Manulife Financial Corporation announces intention to redeem Singapore dollar 3.85% Subordinated Notes - 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-financial-corporation-announces-intention-to-redeem-singapore-dollar-3-85-subordinated-notes\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Manulife Financial Corporation announces intention to redeem Singapore dollar 3.85% Subordinated Notes - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire C$ unless otherwise stated TSX\/NYSE\/PSE: MFC\u00a0\u00a0\u00a0\u00a0 SEHK: 945 TORONTO, April 7, 2021 \/PRNewswire\/ &#8211; Manulife Financial Corporation (&#8220;MFC&#8221;) today announced its intention to redeem at par on May 25, 2021 all of its outstanding 500 million Singapore dollars principal amount of 3.85% Subordinated Notes (the &#8220;Notes&#8221;) due May 25, 2026. The Notes are redeemable at MFC&#8217;s option in whole, but not in part, on May 25, 2021 and thereafter on each interest payment date 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&#8217;s Trust Indenture. 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