Manulife Financial Corporation Announces Offering of S$500 Million Subordinated Notes Due 2036

Manulife Financial Corporation has announced the pricing of an offering in Singapore of S$500 million in principal amount of 2.880% subordinated notes due June 4, 2036. These notes are intended to qualify as Tier 2 capital for Manulife. The notes will bear a fixed interest rate of 2.880% until June 4, 2031, after which the rate will adjust to 0.931% over the prevailing five-year SORA OIS rate. Manulife has the option to redeem the notes in whole, but not in part, on June 4, 2031, or any interest payment date thereafter, at par value plus accrued interest, subject to regulatory approval. The notes will rank as subordinated indebtedness. The offering, which is expected to close on June 4, 2026, is being managed by DBS Bank Ltd., The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch, and Standard Chartered Bank (Singapore) Limited as joint lead managers and bookrunners, with Bank of China Limited, Singapore Branch acting as co-manager. The notes have received in-principle approval for listing on the Singapore Exchange Securities Trading Limited (SGX-ST). The offering is being made in compliance with Regulation S under the U.S. Securities Act of 1933 and is not being offered or sold within the United States or to U.S. persons, nor in Canada or to any resident of Canada.