C$ unless otherwise stated
TSX/NYSE/PSE: MFC
SEHK: 945
TORONTO, Nov. 21, 2017 /CNW/ - Manulife Financial
Corporation ("Manulife") today announced that it has completed its
previously announced offering in Singapore of 500
million Singapore dollars principal amount of 3.00%
subordinated notes due November 21,
2029 and having a first call date of November 21, 2024 (the "Notes"). The offering was
made pursuant to an offering circular dated November 14, 2017.
The Notes are Manulife's first green bond issuance, with an
amount equal to the net proceeds intended to be used to finance or
re-finance, in part or in full, new and/or existing Eligible Assets
consistent with Manulife's recently released Green Bond Framework
(the "Framework")1. The Framework is aligned with the
International Capital Market Association's Green Bond Principles
2017, and directs the use of proceeds towards renewable energy,
green buildings, sustainably-managed forests, energy efficiency,
clean transport, sustainable water management and/or pollution
prevention and control.
The Notes are the first green bond issuance by a life insurance
company and by a Canadian issuer certified as Climate Bonds
by the Climate Bonds Initiative, an investor-focused not-for-profit
organization, promoting large-scale investment in the low-carbon
economy.
Manulife, and its subsidiaries, are signatories to several
international sustainability initiatives, including Accounting for
Sustainability, the United Nations Environment Programme Finance
Initiative, the Equator Principles and the United Nations-supported
Principles for Responsible Investment.
DBS Bank Ltd., The Hongkong and Shanghai Banking Corporation
Limited, Singapore Branch and
Standard Chartered Bank were joint lead managers for the
offering.
About Manulife
Manulife Financial Corporation is a leading international
financial services group that helps people achieve their dreams and
aspirations by putting customers' needs first and providing the
right advice and solutions. We operate primarily as John Hancock in the
United States and Manulife elsewhere. We provide
financial advice, insurance, as well as wealth and asset management
solutions for individuals, groups and institutions. At the end of
2016, we had approximately 35,000 employees, 70,000 agents, and
thousands of distribution partners, serving more than 22 million
customers. As of September 30, 2017,
we had over $1 trillion (US$806 billion) in assets under management and
administration, and in the previous 12 months we made $27.1 billion in payments to our customers. Our
principal operations are in Asia,
Canada and the United States where we have served
customers for more than 100 years. With our global headquarters in
Toronto, Canada, we trade as 'MFC'
on the Toronto, New York, and the Philippine stock exchanges
and under '945' in Hong Kong.
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1 The Manulife Green Bond Framework is available at:
http://www.manulife.com/Green-Bonds
SOURCE Manulife Financial Corporation