Manulife continues Singapore sub debt spree

Canadian financial group becomes the first foreign insurer to issuer Tier 2 debt in Singapore dollars, adding to last week's flurry of bank capital deals.

Singapore sub debt issuance in full flow

Matthew Thomas

May 17, 2016

Canadian financial services company Manulife Financial became the first foreign insurance company to issue Tier 2 debt on Monday after it raised S$500 million ($364 million) from a 10-year non-call five-year transaction.

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