Manulife Financial Sets Pricing for Public Offering of Senior Notes
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 02 2025
0mins
Source: SeekingAlpha
Public Offering Announcement: Manulife Financial has priced a public offering of $1 billion in senior notes with a 4.986% interest rate, due in 2035, at a public offering price of 100%.
Use of Proceeds: The net proceeds from the sale will be utilized for general corporate purposes, including future refinancing needs.
Joint Book-Running Managers: The offering is being managed by BofA Securities, Citigroup Global Markets, J.P. Morgan Securities, and Morgan Stanley.
Strategic Growth Plans: Manulife aims for an 18%+ core return on equity by 2027, focusing on growth in Asia and global wealth and asset management.
Analyst Views on MFC
Wall Street analysts forecast MFC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MFC is 40.09 USD with a low forecast of 37.21 USD and a high forecast of 51.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
11 Analyst Rating
9 Buy
2 Hold
0 Sell
Strong Buy
Current: 37.370
Low
37.21
Averages
40.09
High
51.00
Current: 37.370
Low
37.21
Averages
40.09
High
51.00
About MFC
Manulife Financial Corporation is an international financial services provider. It provides financial advice and insurance, operating as Manulife across Canada, Asia, and Europe, and primarily as John Hancock in the United States. Its segments include Wealth and asset management businesses (Global WAM), Insurance and annuity products (Asia, Canada and U.S.), and the Corporate and Other segment. Wealth and asset management businesses branded as Manulife Investment Management, provide investment advice and solutions to retirement, retail, and institutional clients. It also includes Manulife Comvest Credit Partners, a private credit asset management platform. Insurance and annuity products include a variety of individual life insurance, individual and group long-term care insurance and guaranteed and partially guaranteed annuity products. Products are distributed through multiple distribution channels, including insurance agents, brokers, banks, financial planners and direct marketing.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
