OLDWICK, N.J.–(BUSINESS WIRE)–A.M. Best has assigned a Long-Term Issue Credit Rating of “bbb+” to the recently announced CAD 750 million 3.049% subordinated notes due 2029 of Manulife Financial Corporation (MFC) (Toronto, Canada). The outlook assigned to the Credit Rating (rating) is stable. MFC intends to use the net proceeds from the offering for general corporate purposes, including funding the announced redemption of MFC’s 7.768% Medium Term Notes due April 8, 2019 on October 6, 2017 and
