Manulife's Trading Volume Surges 1419.68% to 3.54 Billion, Ranks 238th Despite Stock Price Dip

On May 20, 2025, Manulife's trading volume reached 3.54 billion, marking a significant increase of 1419.68% compared to the previous day. This surge placed Manulife at the 238th position in the daily stock market rankings. However, despite the high trading volume, Manulife's stock price experienced a slight decline of 0.84%.

Manulife Financial Corporation has announced the issuance of $500 million in principal amount of 3.983% fixed/floating subordinated debentures. These debentures will bear interest at a fixed rate of 3.983% until May 23, 2030, and subsequently at a rate of 1.32% over the Daily Compounded CORRA. This financial move is part of Manulife's strategic efforts to optimize its capital structure and enhance its financial flexibility.

This announcement comes as Manulife continues to navigate the dynamic financial landscape, seeking to strengthen its position in the market. The issuance of these debentures is expected to provide the company with additional financial resources, which can be utilized for various strategic initiatives, including investments in growth opportunities and strengthening its balance sheet.