Manulife Financial Corporation completes $2.275 billion equity offerings
Date Closed
December 11, 2008
Lead Office
Toronto
Value
2.28 Billion CAD
On December 11, 2008, Manulife Financial Corporation completed offerings of equity securities raising a total of $2.275 billion. $1.125 billion of common shares were sold by way of private placement to eight existing institutional investors. $1.150 billion of common shares were sold to a syndicate of underwriters in a "bought deal" public offering. The common shares were offered through agents and underwriters led by Scotia Capital Inc.
Manulife or Manulife Financial is a Canadian insurance company and financial services provider, with a head office in Toronto, Canada.
The agents and underwriters were represented by McCarthy Tétrault LLP with a team consisting of Barry Ryan, Andrew Parker, Richard Higa and Matthew Appleby and Leila Rafi (business law), and Jerald Wortsman and Gabrielle Richards (tax).
