Transactions further strengthen mortgage lender’s capital position
Closing scheduled for Sept. 3
Special meetings set for June 26
Manulife Financial Corp. has completed its domestic offering of 14 million Non-cumulative Rate Reset Class 1 Shares Series 1, the company said Wednesday.Priced at $25 a share, the offering raised gross proceeds of $350 million, after underwriters exercised their over-allotment option.The offering was underwritten by a syndicate of investment dealers led by Scotia Capital Inc. […]
Co-operators General Insurance Company has issued an additional 600,000 Series D Preference Shares as to a syndicate of underwriters, the company said Friday.The Non-Cumulative 5-Year Rate Reset Class E Preference Shares, Series D were to the issued at a price of $25 per Series D Preference Share for gross proceeds of $15 million as part […]
Net proceeds earmarked to reduce amounts outstanding under Manulife’s credit facility with Canadian chartered banks
Series D Preference Shares yield 7.25%
Sun Life Financial Inc. has successfully completed a domestic offering of $250 million of preferred shares, the company said Wednesday.The Class A Non-Cumulative 5-Year Rate Reset Preferred Shares Series 6R were offered at a price of $25 per share and yield 6% annually. The offering, initially for $200 million of Series 6R Shares, was increased […]
Series 6R Shares to yield 6% annually
Series AX shares to yield 6.1% annually