Manulife to Issue $500 Million in Subordinated Debentures

The latest announcement is out from Manulife Financial ( (TSE:MFC) ).

Manulife Financial Corporation announced its intention to issue $500 million in subordinated debentures with a fixed interest rate of 3.983% until 2030, transitioning to a floating rate thereafter, maturing in 2035. The proceeds from this offering will be used for general corporate purposes, including investments in subsidiaries and potential redemption of existing securities, reinforcing Manulife’s financial strategy and market position.

The most recent analyst rating on (TSE:MFC) stock is a Buy with a C$41.00 price target. To see the full list of analyst forecasts on Manulife Financial stock, see the TSE:MFC Stock Forecast page.

More about Manulife Financial

Manulife Financial Corporation is a leading international financial services provider headquartered in Toronto, Canada. It operates as Manulife across Canada, Asia, and Europe, and as John Hancock in the United States, offering financial advice, insurance, and wealth management services to individuals, groups, and businesses. With a global presence, Manulife serves over 36 million customers and is listed on multiple stock exchanges, including Toronto, New York, and Hong Kong.

Average Trading Volume: 8,590,695

Technical Sentiment Signal: Buy

Current Market Cap: C$77.15B

Learn more about MFC stock on TipRanks’ Stock Analysis page.