By Devika Patel
Knoxville, Tenn., March 23 - Parkway Life MTN Pte. Ltd. issued S$50 million of floating-rate notes due March 23, 2013 under its S$500 million multicurrency medium-term note program.
The interest rate will be equal 105 basis points over the six-month Singapore dollar swap offer rate.
DBS Bank Ltd. was the dealer.
Proceeds will be used to refinance existing borrowings, for investments and for general working capital and funding purposes.
Parkway is a health care real estate investment trust based in Singapore.
| Issuer: | Parkway Life MTN Pte. Ltd.
|
| Issue: | Floating-rate notes
|
| Amount: | S$50 million
|
| Maturity: | March 23, 2013
|
| Coupon: | Six-month Singapore dollar swap offer rate plus 105 bps
|
| Price: | Par
|
| Yield: | Six-month Singapore dollar swap offer rate plus 105 bps
|
| Dealer: | DBS Bank Ltd.
|
| Settlement date: | March 3
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
