Manulife Completes $750 Million “Green” Notes Offering

Paul, Weiss represented the underwriters in Manulife Financial Corporation’s public offering of $750 million aggregate principal amount of 3.703% senior notes due 2032. Manulife, a leading international financial services group, intends to use the proceeds from the sale to finance or refinance new or existing eligible “green” assets under the Manulife Sustainable Bond Framework. The underwriters were led by Citigroup Global Markets Inc., Bank of America Securities, Inc., Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC.

The Paul, Weiss team included corporate partner Christopher Cummings and counsel Christian Kurtz; tax partner David Mayo; environmental counsel William O’Brien; and international trade counsel Richard Elliott.