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Published on 1/13/2011 in the Prospect News Canadian Bonds Daily and Prospect News Liability Management Daily.

Manulife to redeem C$550 million 6.24% subordinated debentures

By Toni Weeks

San Diego, Jan. 13 - Manulife Financial Corp. said it will redeem all of its outstanding C$550 million 6.24% subordinated debentures due Feb. 16, 2016, according to a news release.

The redemption price of par plus accrued interest will be paid on Feb. 16.

The financial services company is based in Toronto.


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