A.M. Best Assigns Issue Credit Rating to Manulife Financial Corporation’s Subordinated Debentures Offering

OLDWICK, N.J.–(BUSINESS WIRE)–A.M. Best has assigned a Long-Term Issue Credit Rating (Long-Term IR) of “bbb+” to the recently issued CAD 600 million Fixed/Floating 3.317% Subordinated Debentures due May 9, 2028, of Manulife Financial Corporation (MFC) (Toronto, Canada). The outlook assigned to the Credit Rating (rating) is stable. The proceeds from the offering will be utilized to finance or refinance, in part or in full, new and/or existing Eligible Assets, as defined in Manulife’s Green Bon