Aug 15 (Reuters) - Manulife Financial Corp MFC.TO :
* Manulife announces subordinated debenture issue
* Manulife Financial Corp - debentures mature on August 20, 2029
* Manulife Financial Corp- intends to issue $750 million principal amount of 3.049% fixed/floating subordinated debentures due August 20, 2029
* Manulife Financial Corp - debentures will bear interest at a fixed rate of 3.049% until August 20, 2024
* Manulife-Intends to use proceeds for funding announced redemption of MFC's 7.768% medium term notes due April 8, 2019 on October 6, 2017, among others