New Issue-Manulife Financial sells $1.1 bln of debt

Wed Sep 15, 2010 11:37am EDT

  Sept 15 (Reuters) - Manulife Financial Corp (MFC.TO)
(MFC.N) on Tuesday sold $1.1 billion of senior notes, said IFR,
a Thomson Reuters service.
  Citigroup and Morgan Stanley were the active bookrunning
managers for the sale.
BORROWER: MANULIFE FINANCIAL CORP
TRANCHE 1                                                
AMT $600 MLN      COUPON 3.40 PCT     MATURITY 9/17/2015 
TYPE SR NTS       ISS PRICE 99.854    FIRST PAY 3/17/2011
MOODY'S N/A       YIELD 3.432 PCT     SETTLEMENT 9/17/2010
S&P SINGLE-A      SPREAD 200 BPS      PAY FREQ SEMI-ANNUAL
FITCH A-MINUS      MORE THAN TREAS    MAKE-WHOLE CALL 30 BPS
TRANCHE 2                                                
AMT $500 MLN      COUPON 4.90 PCT     MATURITY 9/17/2020 
TYPE SR NTS       ISS PRICE 99.844    FIRST PAY 3/17/2011
MOODY'S N/A       YIELD 4.92 PCT      SETTLEMENT 9/17/2010
S&P SINGLE-A      SPREAD 225 BPS      PAY FREQ SEMI-ANNUAL
FITCH A-MINUS      MORE THAN TREAS    MAKE-WHOLE CALL 35 BPS


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