Parkway Life Reit prices 2 senior unsecured fixed rate notes

The notes are under the $500m multi-currency debt issuance programme.

Healthcare Reit, Parkway Life Reit, has priced the proposed issue of two senior unsecured fixed rate notes, its manager announced in a bourse filing.

It priced 0.85% six-year senior unsecured fixed rate notes due in 2028 at $47.7m (JPY5b) and 0.97% seven-year senior unsecured fixed rate notes due in 2029 at $57.6m (JPY6.04b).

The notes are under the multi-currency debt issuance programme and are expected to be issued on 6 December 2022.

Proceeds gained from the notes will be used to "preemptively refinance" existing fixed rate notes due next year.

"On the same day of the Notes issuance, the Issuer will repurchase JPY3b in the principal amount of the JPY5b 0.57% senior unsecured notes due June 2023 at a price of 100% of their principal amount," read the statement.

Parkway Life's manager said denominating the notes in Japanese Yen will offset any foreign exchange risk.

$1 = JPY99.80

Follow the link for more news on

Parkway Life REIT

notes issuance

Also Read

Singapore strikes a balance in logistics supply per capita, trade: report

SGX RegCo confirms ESR Group Limited's eligibility to vote on Sabana REIT trust deed amendments

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit