By Marisa Wong
Los Angeles, March 29 – Parkway Life Real Estate Investment Trust priced ¥3.3 billion of 0.51% six-year senior fixed-rate notes at par, according to a company announcement.
The notes were issued on Monday through Parkway Life MTN Pte. Ltd., a wholly owned subsidiary of HSBC Institutional Trust Services (Singapore) Ltd., the trustee of Parkway Life REIT.
DBS Bank Ltd. is the lead manager and bookrunner.
The series 005 notes were issued under the company’s S$500 million multicurrency medium-term note program established in August 2008 and amended in October 2017.
Proceeds were used to repurchase the company’s ¥3.3 billion of 0.58% senior notes due 2022 at par.
Parkway Life is a health care-focused real estate investment trust based in Singapore.
| Issuer: | Parkway Life MTN Pte. Ltd.
|
| Issue: | Senior fixed-rate notes, series 005
|
| Amount: | ¥3.3 billion
|
| Maturity: | March 29, 2027
|
| Bookrunner: | DBS Bank Ltd.
|
| Coupon: | 0.51%
|
| Price: | Par
|
| Yield: | 0.51%
|
| Announcement date: | March 22
|
| Settlement date: | March 29
|
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