By Marisa Wong
Morgantown, W.Va., Dec. 1 – Parkway Life Real Estate Investment Trust priced ¥5 billion of 0.57% senior fixed-rate notes due June 6, 2023 at par, according to a company announcement.
The notes will be issued through Parkway Life MTN Pte. Ltd., a wholly owned subsidiary of HSBC Institutional Trust Services (Singapore) Ltd., the trustee of Parkway Life REIT.
The series 003 notes will be issued on Dec. 6 under the company’s S$500 million multicurrency medium-term note program established in August 2008 and recently amended on Oct. 30.
Proceeds will be used to refinance existing borrowings, for investments and for general working capital.
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 003
|
| Amount: | ¥5 billion
|
| Maturity: | June 6, 2023
|
| Coupon: | 0.57%
|
| Price: | Par
|
| Yield: | 0.57%
|
| Announcement date: | Dec. 1
|
| Settlement date: | Dec. 6
|
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