Manulife announces Subordinated Debenture issue
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Manulife Financial Corporation (MFC) announced the issuance of $1 billion in subordinated debentures with a 4.064% fixed/floating rate due in 2034. The prospectus will be available on SEDAR+ within two business days.
December 03, 2024 | 11:45 pm
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Manulife Financial Corporation is issuing $1 billion in subordinated debentures with a 4.064% fixed/floating rate due in 2034. This move could impact the company's capital structure and interest expenses.
The issuance of subordinated debentures is a significant financial move for Manulife, affecting its capital structure and potentially its interest expenses. However, the impact on stock price is uncertain as it depends on market perception of the company's financial strategy.
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IMPORTANCE 70
RELEVANCE 90