By Mary-Katherine Stinson
Lexington, Ky., Aug. 21 – Singapore’s Parkway Life Real Estate Investment Trust priced ¥3.5 billion of 1.28% senior notes due 2030 at par, according to multiple announcements.
The notes are expected to be issued Aug. 28 through Parkway Life MTN Pte. Ltd., a wholly owned subsidiary of HSBC Institutional Trust Services (Singapore) Ltd., the trustee of Parkway Life REIT.
DBS Bank Ltd. is the sole lead manager and bookrunner.
The series 008 notes will be issued under the company’s S$500 million multicurrency medium-term note program established in August 2008 and amended in October 2017.
Proceeds will be used to repurchase ¥3.5 billion of the company’s series 004 0.65% senior notes due 2024 at par. The notes were originally issued on Feb. 26, 2018.
Parkway Life is a health care-focused real estate investment trust based in Singapore.
| Issuer: | Parkway Life MTN Pte. Ltd.
|
| Amount: | ¥3.5 billion
|
| Issue: | Senior notes, series 008
|
| Maturity: | Aug. 28, 2030
|
| Bookrunner: | DBS Bank Ltd.
|
| Coupon: | 1.28%
|
| Price: | Par
|
| Announcement date: | Aug. 21
|
| Settlement date: | Aug. 28
|
|
|
© 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.
