C$ unless otherwise
stated
TSX/NYSE/PSE: MFC SEHK: 945
TORONTO, March 14, 2022 /CNW/ - Manulife Financial
Corporation (NYSE: MFC) (the "Company") today announced that it has
priced a public offering in the United
States of U.S.$750 million
aggregate principal amount of 3.703% senior notes due 2032 (the
"Notes") at a public offering price of 100.000%. The offering was
made pursuant to a preliminary prospectus supplement, dated
March 14, 2022, to the Company's
registration statement declared effective by the Securities and
Exchange Commission (the "SEC") on September
30, 2021.
The Company intends to use an amount equal to the net proceeds
from the sale of the Notes to finance or refinance, in part or in
full, new or existing eligible "green" assets under the Manulife
Sustainable Bond Framework (the "Framework"). The Framework is
aligned with the International Capital Market Association's 2021
Green Bond Principles and directs the use of proceeds for "green
bonds" towards renewable energy, green buildings,
sustainably-managed land use, energy efficiency, clean
transportation, sustainable water and wastewater management, or
pollution prevention and control.
Citigroup Global Markets Inc., BofA Securities, Inc., Goldman
Sachs & Co. LLC and Morgan Stanley & Co. LLC are acting as
joint book-running managers for the offering.
This release does not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such an
offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such state or
jurisdiction. A prospectus supplement and the accompanying
prospectus related to the offering have been filed with the SEC and
are available on its website at www.sec.gov. Copies of the
prospectus supplement and accompanying prospectus, when available,
may be obtained by contacting Citigroup Global Markets Inc., c/o
Broadridge Financial Solutions, 1155 Long Island Avenue,
Edgewood, NY 11717, Telephone:
800-831-9146; Email: prospectus@citi.com; BofA Securities, Inc.,
200 North College Street, 3rd floor, NC1-004-03-43, Charlotte,
NC 28255-0001, Attention: Prospectus Department, Telephone:
1-800-294-1322; Email: dg.prospectus_requests@bofa.com; Goldman
Sachs & Co. LLC, 200 West Street, New
York, NY 10282, Attention: Prospectus Department, Telephone:
866-471-2526; Email: prospectus-ny@ny.email.gs.com; or Morgan
Stanley & Co. LLC, 180 Varick Street, 2nd Floor, New York, NY 10014, Attention: Prospectus
Department; Telephone: 866-718-1649; Email:
prospectus@morganstanley.com.
The securities will not be offered or sold, directly or
indirectly, in Canada or to any
resident of Canada.
About Manulife Financial Corporation
Manulife
Financial Corporation is a leading international financial services
provider that helps people make their decisions easier and lives
better. With our global headquarters in Toronto, Canada, we provide financial advice
and insurance, operating as Manulife across Canada, Asia,
and Europe, and primarily as
John Hancock in the United States. Through Manulife Investment
Management, the global brand for our global wealth and asset
management segment, we serve individuals, institutions and
retirement plan members worldwide. Our principal operations are in
Asia and Canada, and the
United States, where we have served customers for more than
155 years. We trade as 'MFC' on the Toronto, New
York, and the Philippine stock exchanges and under '945' in
Hong Kong. In the previous 12
months we made $31.8 billion in
payments to our customers.
SOURCE Manulife Financial Corporation