Manulife Financial (0945) intends to issue a $1 billion Canadian dollars (HK$5.56 billion) of 2.237 percent fixed or floating subordinated debentures due May 12, 2030 and CA$1 billion 2.818 percent fixed or floating subordinated debentures due May 13, 2035. The 2030 debentures will bear a fixed rate of 2.237 percent until May 12, 2025 and thereafter 1.49 percent over the three-month CDOR. The 2030 debentures mature on May 12, 2030. The 2035 debentures will bear a rate of 2.818 percent until May 13, 2030 and thereafter at a rate of 1.82 percent over the three-month CDOR. The 2035 debentures mature on May 13, 2035.

Source: The Standard May 08, 2020 08:30 UTC