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Manulife Financial Corp (0945.HK)

0945.HK on Hong Kong Stock

155.20HKD
18 Aug 2017
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Latest Key Developments (Source: Significant Developments)

Manulife announces subordinated debenture issue
Tuesday, 15 Aug 2017 04:09pm EDT 

Aug 15 (Reuters) - Manulife Financial Corp ::Manulife announces subordinated debenture issue.Manulife Financial Corp - ‍debentures mature on August 20, 2029​.Manulife Financial Corp- intends to issue $750 million principal amount of 3.049% fixed/floating subordinated debentures due August 20, 2029​.Manulife Financial Corp - ‍debentures will bear interest at a fixed rate of 3.049% until August 20, 2024​.Manulife-Intends to use proceeds for funding announced redemption of MFC's 7.768% medium term notes due April 8, 2019 on October 6, 2017, among others​.  Full Article

Manulife announces intention to redeem 7.768 pct medium term notes
Tuesday, 15 Aug 2017 08:18am EDT 

Aug 15 (Reuters) - Manulife Financial Corp :Manulife announces intention to redeem 7.768 pct medium term notes.Manulife Financial Corp - ‍intention to redeem all of its outstanding $600 million principal amount of 7.768 pct medium term notes due April 8, 2019 on Oct 6​.  Full Article

Manulife says John Hancock spin-off would depend on whether it created shareholder value
Thursday, 10 Aug 2017 09:16am EDT 

Aug 10 (Reuters) - Manulife Financial Corp :Manulife's outgoing ceo (not new ceo) says ultimate determination on possible john hancock spin-off would be if it created shareholder value.Manulife ceo says company "regularly investigates all opportunities of improving shareholder value".Manulife ceo says company "has some challenging blocks of legacy business".  Full Article

Manulife Financial reports qtrly share of $0.61
Wednesday, 9 Aug 2017 05:24pm EDT 

Aug 9 (Reuters) - Manulife Financial Corp :Manulife reports 2Q17 net income of $1,255 million, core earnings of $1,174 million, and strong investment-related experience gains.MFC generated core earnings of $1,174 million, diluted core earnings per share of $0.57 in Q2 .‍Generated gross flows of $30.9 billion in wealth and asset management businesses in 2Q17, increase of 13% compared with 2Q16​.Manulife financial corp qtrly ‍shr $0.61​.Manulife financial corp says generated ROE and core roe of 12.4% and 11.5%, respectively, in 2q17 compared with 7.1% and 8.4%, respectively, in 2q16.Qtrly return on common shareholders' equity ("ROE") of 12.4%.Manulife financial corp - ‍reported other wealth sales of $2.0 billion in 2Q17, a decrease of 3% compared with 2Q16​.Manulife financial corp - ‍insurance sales of $1.4 billion in 2q17, an increase of 46% compared with 2q16​.Manulife financial corp says qtrly premiums and deposits from insurance products C$8,595 million versus. C$8,422 million last year.Manulife financial corp - ‍JH life insurance sales in 2Q17 of US$123 million represented an increase of 26% compared with 2Q16​.Manulife financial - total assets under management and administration of $1.0 trillion as at june 30, 2017, increase of 6% compared with Dec. 31, 2016.Q2 earnings per share view c$0.55 -- Thomson Reuters I/B/E/S.  Full Article

Manulife Financial Corp announces conversion privilege of non-cumulative rate reset class 1 shares series 9
Thursday, 27 Jul 2017 04:35pm EDT 

July 27 (Reuters) - Manulife Financial Corp :Manulife Financial Corporation announces conversion privilege of non-cumulative rate reset class 1 shares series 9.Manulife - ‍Does not intend to exercise right to redeem all or any of its currently outstanding 10 million non-cumulative rate reset class 1 shares series 9​.  Full Article

Manulife announces intention to redeem 3.938% fixed/floating Series A subordinated debentures
Thursday, 27 Jul 2017 04:30pm EDT 

July 27 (Reuters) - Manulife Financial Corp :Manulife announces intention to redeem 3.938% fixed/floating Series A subordinated debentures.Manulife Financial - Intention to redeem on Sept 21 $400 million of 3.938% fixed/floating series a subordinated debentures due September 21, 2022​.  Full Article

Ontario Securities Commission approves no-contest settlement agreement with Manulife Securities Inc and Manulife Securities Investment Services Inc
Thursday, 13 Jul 2017 03:46pm EDT 

July 13 (Reuters) - Manulife Financial Corp :Ontario Securities Commission approves no-contest settlement agreement with Manulife Securities Incorporated and Manulife Securities Investment Services Inc.Ontario Securities Commission - Settlement agreement is in relation to a matter that manulife dealers discovered and self-reported to OSC.Ontario Securities Commission - Manulife dealers have agreed to settlement, intend to compensate clients $11.7 million including opportunity costs on fees.  Full Article

Manulife exploring IPO or spinoff of its John Hancock unit - WSJ
Thursday, 13 Jul 2017 12:39pm EDT 

July 13 (Reuters) - :Manulife exploring IPO or spinoff for John Hancock unit - WSJ.  Full Article

Manulife CEO Donald Guloien to retire as of Sept. 30
Thursday, 25 May 2017 07:50am EDT 

May 25 (Reuters) - Manulife Financial Corp ::Manulife CEO Donald Guloien announces his intention to retire as of Sept. 30; Roy Gori to succeed Guloien as CEO on Oct. 1.Manulife Financial Corp says Donald Guloien, president and chief executive officer, has made decision to retire as of September 30.Manulife Financial Corp says Roy Gori, who will become Manulife's president on June 5, will succeed Guloien as CEO.Manulife Financial Corp says Roy Gori will also join Manulife's board of directors, effective October 1.Manulife Financial Corp says Craig Bromley, senior executive vice president and general manager of company's U.S. division John Hancock, has left co.  Full Article

Manulife Investments reports results of special meetings of securityholders
Friday, 19 May 2017 09:00am EDT 

May 19 (Reuters) - Manulife Financial Corp ::Manulife Investments says receipt of required approvals from securityholders to proceed with previously announced mutual fund mergers.  Full Article

Fitch Rates Manulife Financial's Subordinated Notes 'BBB+'

(The following statement was released by the rating agency) CHICAGO, August 17 (Fitch) Fitch Ratings assigns a 'BBB+' rating to Manulife Financial Corporation's (MFC) C$750 million 3.049% rate-reset subordinated notes due 2029. KEY RATING DRIVERS The rating for the new offering is equivalent to the rating on MFC's existing subordinated debt. Proceeds from the issuance will be used for general corporate purposes, including funding the redemption of MFC's 7.768% medium-term notes due April 8, 2019