Manulife Financial Issues S$500M Notes Due 2034
Ticker: MNUFF · Form: 6-K · Filed: Jun 11, 2024 · CIK: 1086888
| Field | Detail |
|---|---|
| Company | Manulife Financial Corp (MNUFF) |
| Form Type | 6-K |
| Filed Date | Jun 11, 2024 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 1 min |
| Key Dollar Amounts | $500 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: debt-issuance, notes, financing
TL;DR
Manulife just dropped S$500M in 4.275% notes due 2034.
AI Summary
Manulife Financial Corporation announced on June 11, 2024, the issuance of S$500 million in subordinated notes. These notes carry a coupon rate of 4.275% and are due in 2034.
Why It Matters
This issuance allows Manulife to raise capital, potentially strengthening its financial position and funding future growth initiatives.
Risk Assessment
Risk Level: low — The filing is a routine announcement of debt issuance and does not contain significant new risks.
Key Numbers
- S$500 million — Notes Issued (Principal amount of subordinated notes due 2034)
- 4.275% — Coupon Rate (Interest rate on the subordinated notes)
Key Players & Entities
- Manulife Financial Corporation (company) — Issuer of notes
- S$500 million (dollar_amount) — Principal amount of notes issued
- 4.275% (dollar_amount) — Coupon rate of the notes
- 2034 (date) — Maturity year of the notes
- June 11, 2024 (date) — Date of the news release
FAQ
What is the purpose of the S$500 million subordinated notes issuance?
The filing does not explicitly state the purpose, but such issuances are typically for general corporate purposes, including strengthening capital.
What is the maturity date of the notes?
The notes are due in 2034.
What is the interest rate on these notes?
The notes carry a coupon rate of 4.275%.
Is this a new debt issuance for Manulife?
Yes, the filing announces the issuance of S$500 million 4.275% Subordinated Notes Due 2034.
What type of notes are being issued?
Manulife Financial Corporation is issuing subordinated notes.
Filing Stats: 194 words · 1 min read · ~1 pages · Grade level 15.4 · Accepted 2024-06-11 12:10:25
Key Financial Figures
- $500 million — life Financial Corporation to Issue of S$500 million 4.275% Subordinated Notes Due 2034 SI
Filing Documents
- d831123d6k.htm (6-K) — 8KB
- d831123dex991.htm (EX-99.1) — 10KB
- g831123g0607181150190.jpg (GRAPHIC) — 2KB
- 0001193125-24-158879.txt ( ) — 22KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. MANULIFE FINANCIAL CORPORATION By: /s/ Scott MacIntosh Name: Scott MacIntosh Title: Assistant Corporate Secretary Date: June 11, 2024