MFCCN 4.275% 19Jun2034 Corp (SGD)

Bond Factsheet

Manulife Financial Corp

Indicative

Full Lot

Bid Price

102.900

Change in Bid Price

Bid Yield (%)

3.122 %

Change in Bid Yield

remove 0.001

Ask Price

103.475

Change in Ask Price

Ask Yield (%)

2.899 %

Change in Ask Yield

remove 0.001

Indicative price as of 23 Oct 2026, 4:01pm

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Bond Information

Manulife Financial Corporation provides financial protection products and investment management services to individuals, families, businesses, and groups. The Company conducts operations in Canada, the United States, and Asia, as well as reinsurance operations on a global basis. Manulife offers products such as annuities, pension products, life insurance, health insurance, and mutual funds.

Bond Issuer

Manulife Financial Corp

Guarantor

Announcement Date

11 Jun 2024

Issue Date

19 Jun 2024

Maturity Date

19 Jun 2034

Years to Maturity / Next Call

7.651 / 2.648

Modified Duration

6.443 @ 23 Oct 2026

Issue / Reoffer Price

100.000

Issue / Reoffer Yield

4.275

Coupon Type

Variable

Annual Coupon Rate

4.275

Coupon Frequency

Semi Annually

Seniority

Subordinated

Reference Rate

Reset Date = 19 Jun 2029
Reset Rate = prevailing 5-year SORA OIS Rate + Initial Margin (1.201%)

ISIN

XS2839480568

CUSIP

YX6686845

Bond Currency

SGD

Total Issue Size

500,000,000

Min. Investment Quantity (Nominal)

SGD 250,000

Incremental Quantity (Nominal)

SGD 250,000

Bond Type

Corporate

Bond Sector

Financials

Bond Sub Sector

Insurance

Issuer Credit Rating (S&P/ Fitch)

***/ A+

Bond Credit Rating (S&P/ Fitch)

***/ A-

Shariah Compliant

Exchange Listed

SGX

Bond Feature(s)

Issuer Call

MFC may, at its option, redeem the Notes, with the prior approval of the Superintendent, on not less than 10 nor more than 60 days’ prior notice to the registered holder, in whole, but not in part, on the First Call Date and each Interest Payment Date thereafter at a redemption price equal to 100% of the principal amount thereof, together with accrued and unpaid interest to, but excluding, the date fixed for redemption.

First Call Date:19 June 2029

Additional Note

Tier 2

Redemption for Regulatory Event

If a Regulatory Event (as defined below) has occurred and is continuing, the Notes will be subject to redemption in whole, but not in part, at the option of MFC, with the prior approval of the Superintendent, at any time, on not less than 10 nor more than 60 days’ prior written notice, at a redemption price equal to 100% of the principal amount thereof, together with accrued and unpaid interest thereon to, but excluding, the date fixed for redemption.

A “Regulatory Event” is deemed to have occurred on the date specified in a letter from the Superintendent to MFC on which the Notes will no longer be recognised in full as eligible Tier 2 Capital of MFC or included as risk-based Total Available Capital on a consolidated basis, such date falling on a day on or after the issue date, excluding, for the avoidance of doubt, non-recognition or non-inclusion solely by virtue of MFC already having issued securities with an aggregate principal amount up to or in excess of the limit of Tier 2 Capital permitted from time to time by the Office of the Superintendent of Financial Institutions Canada (“OSFI”) or solely as a result of any discounting requirements as to the eligibility of the Notes for such inclusion pursuant to the relevant requirements issued by OSFI.

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Coupon Dates	Coupon Receive	Principal Amount	Cash Flow

No Data