ParkwayLife REIT prices 0.57% fixed rate notes for $59.8m

The notes are due 2023.

ParkwayLife REIT priced its 0.57% senior unsecured fixed rate notes for $59.8m (¥5b).

According to an announcement, the notes to be issued under the REIT's $500m Multicurrency Debt Issuance Programme are due 2023.

Barclays Bank PLC and DBS Bank Ltd. have been appointed as the joint lead managers and joint bookrunners for the issuance of the Series 003 Notes.

ParkwayLife REIT will use the proceeds to refinance debt payments, investments, and general working capital and funding purposes of the REIT.

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