Manulife to redeem all 3.317% subordinated debentures due 2028

By Mary-Katherine Stinson

Lexington, Ky., April 4 – Manulife Financial Corp. intends to redeem all $600 million 3.317% fixed/floating subordinated debentures due May 9, 2028 on May 9, according to a press release.

The debentures are redeemable at Manulife’s option starting May 9 at par plus interest.

Formal notice will be delivered to holders in accordance with the trust indenture.

Interest on the debentures will cease to accrue on the redemption date.

Manulife is a financial services group based in Toronto.

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