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Aston Villa denied last-gasp winner in Juventus stalemateC$ unless otherwise stated TSX/NYSE/PSE: MFC SEHK: 945 The prospectus supplement, the corresponding base shelf prospectus and any amendment thereto in connection with this offering will be accessible through SEDAR+ within two business days. TORONTO , Dec. 3, 2024 /PRNewswire/ - Manulife Financial Corporation (" MFC ") announced today that it intends to issue $1 billion principal amount of 4.064% fixed/floating subordinated debentures due December 6 , 2034 (the " Debentures "). MFC intends to file a prospectus supplement to its existing base shelf prospectus in respect of this issue. The Debentures will bear interest at a fixed rate of 4.064% until December 6, 2029 and thereafter at a rate of 1.25% over Daily Compounded CORRA. The Debentures mature on December 6, 2034 . Subject to prior regulatory approval, MFC may redeem the Debentures, in whole or in part, on or after December 6, 2029 at a redemption price equal to par, together with accrued and unpaid interest to, but excluding, the date fixed for redemption. The Debentures will constitute subordinated indebtedness, ranking equally and rateably with all other subordinated indebtedness of MFC from time to time issued and outstanding (other than subordinated indebtedness which has been further subordinated in accordance with its terms). The offering is being done on a best efforts agency basis by a syndicate co-led by RBC Capital Markets, CIBC Capital Markets and Scotiabank. The offering is expected to close on December 6, 2024 . MFC intends to use the net proceeds from the offering of the Debentures for general corporate purposes, including investment in subsidiaries and potential future redemptions of existing securities. The Debentures have not been and will not be registered in the United States under the United States Securities Act of 1933, as amended (the " Securities Act "), or the securities laws of any state of the United States and may not be offered, sold or delivered, directly or indirectly, in the United States or to, or for the account or benefit of, a "U.S. person" (as defined in Regulation S under the Securities Act) absent registration or an applicable exemption from such registration requirements. This press release does not constitute an offer to sell or a solicitation to buy securities in the United States and any public offering of the securities in the United States must be made by means of a prospectus. Access to the prospectus supplement, the corresponding base shelf prospectus and any amendment thereto in connection with the offering of the Debentures is provided in accordance with securities legislation relating to procedures for providing access to a prospectus supplement, a base shelf prospectus and any amendment thereto. The prospectus supplement, the corresponding base shelf prospectus and any amendment thereto in connection with the offering will be accessible within two business days at www.sedarplus.ca . An electronic or paper copy of the prospectus supplement, the corresponding base shelf prospectus and any amendment to the documents may be obtained, without charge, from RBC Capital Markets by email at torontosyndicate@rbccm.com or phone at 416-842-6311, CIBC Capital Markets by email at mailbox.cibcdebtsyndication@cibc.com or phone at 416-594-8515 or Scotiabank by email at syndicate.toronto@scotiabank.com or phone at 416-863-7438. About Manulife Manulife Financial Corporation is a leading international financial services provider, helping people make their decisions easier and lives better. With our global headquarters in Toronto, Canada , we provide financial advice and insurance, operating as Manulife across Canada , Asia , and Europe , and primarily as John Hancock in the United States . Through Manulife Investment Management, the global brand for our Global Wealth and Asset Management segment, we serve individuals, institutions, and retirement plan members worldwide. At the end of 2023, we had more than 38,000 employees, over 98,000 agents, and thousands of distribution partners, serving over 35 million customers. We trade as 'MFC' on the Toronto , New York , and the Philippine stock exchanges, and under '945' in Hong Kong . Not all offerings are available in all jurisdictions. For additional information, please visit manulife.com . View original content to download multimedia: https://www.prnewswire.com/news-releases/manulife-announces-subordinated-debenture-issue-302321737.html SOURCE Manulife Financial Corporation © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Donald Hand Jr. racked up a career-high 29 points and 10 rebounds to help Boston College stave off visiting Fairleigh Dickinson 78-70 on Saturday in Chestnut Hill, Mass. Chad Venning added 18 points on 8-for-10 shooting and Dion Brown contributed eight points, eight rebounds and four assists as the Eagles (8-5) wrapped up their nonconference slate with just their second win in six games. Ahmed Barba-Bey, a grad transfer from Division II, exploded for a season-high 31 points to power FDU (4-11). Barba-Bey buried 8 of 9 attempts from the 3-point arc. Terrence Brown added 15 of his 20 points in the second half, as the Knights made it close before falling to 0-10 on the road this season. Bismark Nsiah scored 10 points. Boston College led 70-59 with 3:39 to play when Barba-Bey was fouled attempting a corner 3. He made all three of his foul shots, and after a stop Brown got to the bucket to cut FDU's deficit to six. It was 72-67 when Venning made a clutch turnaround jumper from the high post with 51 seconds left. Boston College let Barba-Bey get loose for his eighth 3-pointer, pulling FDU within four, its closest margin of the half. But Hand drove to the basket and scored with 29 seconds on the clock, and FDU was out of time. The Knights trailed by as many as 12 in the first half, but Barba-Bey kept them in the game. He made a fastbreak layup off Brown's steal and added a 3-pointer on the next possession, turning what was a 10-point deficit to a manageable 29-24 game. Boston College led 38-28 at halftime, with Hand scoring 15 for the hosts and Barba-Bey pouring in 16 for the Knights, including 4-of-5 shooting from deep. FDU pulled within nine points three times in the early stages of the second half, the third coming when Nsiah knocked down back-to-back 3-pointers to make it 56-47 with about 10 minutes to go. --Field Level Media
The expanded Big Ten is poised to be a major player in this season's College Football Playoff. The 18-team conference had three of the top-four teams in the AP poll this week — No. 1 Oregon, No. 2 Ohio State and No. 4 Penn State. A one-loss Indiana team is ranked 10th but is still very much a contender to make the playoff, given how many Southeastern Conference teams have three defeats or more. Indiana's rise has been perhaps the Big Ten's biggest story this season. Much of the spotlight was on newcomers Oregon, Southern California, UCLA and Washington, but aside from the top-ranked Ducks, that foursome has struggled to impress. Meanwhile, the Hoosiers won their first 10 games under new coach Curt Cignetti before losing at Ohio State last weekend. Oregon beat Ohio State 32-31 back in October, and if the Buckeyes beat rival Michigan this weekend, they'll earn a rematch with the Ducks for the Big Ten title. And it's entirely possible another matchup between those two teams awaits in the CFP. Dillon Gabriel has quarterbacked Oregon to an unbeaten record, throwing for 3,066 yards and 22 touchdowns in 11 games. But don't overlook Iowa's Kaleb Johnson and his 21 rushing TDs, and quarterback Kurtis Rourke has been a big part of Indiana's improvement. Penn State's Abdul Carter has eight sacks and two forced fumbles and could be one of the top edge rushers drafted this year. Oregon (11-0, 8-0), Ohio State (10-1, 7-1), Penn State (10-1, 7-1), Indiana (10-1, 7-1), Illinois (8-3, 5-3), Iowa (7-4, 5-3), Michigan (6-5, 4-4), Minnesota (6-5, 4-4), Washington (6-5, 4-4), Southern California (6-5, 4-5), Nebraska (6-5, 3-5) and Rutgers (6-5, 3-5) have already reached the six-win mark for bowl eligibility. Michigan State (5-6, 3-5) and Wisconsin (5-6, 3-5) can join them. There may not be many firings in general at the top level of college football. The prospect of sharing revenue with athletes in the future might lead schools to be more judicious about shedding one coach and hiring a new one. Who should be most worried in the Big Ten? Well, Lincoln Riley is struggling to stay above .500 in his third season at USC. Purdue is 1-10, but coach Ryan Walters is only in his second season. Maryland's Mike Locksley has been there six years and his Terrapins are 4-7, but this was his first real step backward after guiding the team to three straight bowl wins. Cignetti has shown it is possible for a coaching change to push a previously moribund program to some impressive heights in a short amount of time — but the improvement has been more incremental at Michigan State following Jonathan Smith's arrival. Sherrone Moore wasn't a completely unknown commodity at Michigan after he won some massive games in place of a suspended Jim Harbaugh last year. But in his first season completely at the helm, the Wolverines have declined significantly following their national title a season ago. The Big Ten is home to one of the most dynamic freshmen in the country in Ohio State receiver Jeremiah Smith. He has 52 catches for 899 yards and nine touchdowns. Highly touted quarterback Dylan Raiola has teamed up with fellow freshman Jacory Barney (49 catches) to lead Nebraska to bowl eligibility. Ohio State is on track to land the Big Ten's top class, according to 247 Sports, but the big news recently was quarterback Bryce Underwood flipping from LSU to Michigan. If the Wolverines do in fact keep Underwood in his home state, that would be a big development for Moore. Get local news delivered to your inbox!None
Georgia has a chance to post its best start to a season in 94 years ahead of its home meeting with South Carolina State in Athens, Ga., on Sunday. Georgia (11-1) hasn't appeared in the NCAA Tournament in 10 seasons and hasn't won a tournament game since 2002, but the Bulldogs seem primed to make a return. The Bulldogs have won six straight games and a seventh would mark their best start since beginning 13-0 in the 1930-31 campaign. Georgia hasn't played since a Dec. 22 home win over Charleston Southern. Head coach Mike White knows the intensity of the schedule will soon increase as Southeastern Conference play revs up, but that's not to say his team will overlook its next opponent. "We've had a much-needed break, both mentally and physically," White said. "Our guys need to get away from it a little bit, miss it, then come back rejuvenated for one more tune up for the grind of the SEC -- the best league in the country. But we'll be prepared for South Carolina State. They're dangerous, they play really hard, they've been really competitive. They're another good team." Adding to Georgia's success has been the play of De'Shayne Montgomery. After being academically ineligible for the first 10 games of the season, the Mount St. Mary's transfer has averaged 19 points per game in two contests. Asa Newell follows with 15.8 points in 12 games, while fellow Mount St. Mary's transfer Dakota Leffew chips in 12.9. South Carolina State (6-8) will play its fourth road game of a six-game stretch away from home. The other Bulldogs prepare for their final regular season meeting with a power conference team following losses at South Carolina Upstate and Xavier. South Carolina State faces Morgan State on Jan. 4 to start Mid-Eastern Athletic Conference play. Led by third-year head coach Erik Martin, the team boasts a rare roster figure in today's college basketball landscape. "We brought back 90 percent of our returnable student athletes this year," Martin said. "I can pretty much guarantee I'm the only person in America that did that." Sophomore Drayton Jones leads the team with 13 points per game, followed by Omar Croskey's 9.4. Georgia is 2-0 all-time against South Carolina State, last earning a 76-60 win in Nov. 2021. --Field Level Media