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Manulife Financial ( (TSE:MFC) ) has provided an update.
Manulife Financial Corporation announced the pricing of a U.S. public offering of $1 billion in senior notes due 2035, with an interest rate of 4.986%. The proceeds from this offering will be used for general corporate purposes, potentially including future refinancing needs. This strategic financial move is managed by major financial institutions and highlights Manulife’s ongoing efforts to strengthen its financial position and support its operational goals.
More about Manulife Financial
Manulife Financial Corporation is a leading international financial services provider headquartered in Toronto, Canada. The company operates as Manulife across Canada, Asia, and Europe, and as John Hancock in the United States, offering financial advice, insurance, and wealth and asset management services to individuals, groups, and businesses. Manulife serves over 36 million customers worldwide with a workforce of over 37,000 employees and more than 109,000 agents.
For a thorough assessment of MFC stock, go to TipRanks’ Stock Analysis page.