Manulife prices S$500M subordinated notes at 2.88%, maturing in 2036, listed on Singapore Exchange.

Manulife Financial Corporation has priced a S$500 million offering of subordinated notes with a fixed interest rate of 2.880% until 2031, then floating based on SORA OIS rate, maturing in 2036. These notes qualify as Tier 2 capital and will be listed on the Singapore Exchange. The offering is managed by DBS, HSBC, Standard Chartered, and Bank of China, and is targeted at non-U.S. investors under Regulation S. This issuance strengthens Manulife's capital base and supports its financial stability and growth plans.