Singapore's Parkway Holdings may redeem S$150 million of fixed-rate notes

By Reshmi Basu

New York, May 31 - Parkway Holdings Ltd. said it may prepay S$150 million of its fixed-rate notes, which were issued under the company's S$500 million medium-term note program.

The company is considering the early redemption of S$75 million in series 22 2.45% fixed-rate notes due Oct. 1, 2007 and S$75 million in series 23 3.10% fixed-rate notes due Oct. 1, 2009.

Citigroup has been appointed as the financial adviser.

Parkway Holdings, based in Singapore, is a health care organization whose principal activities include the operation of private hospitals and the rental and sale of medical units in Asia.

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