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Singapore: PLife trims yen funding costs

Parkway Life REIT, which is owned by IHH Healthcare, has sold ¥5 billion (US$44.3 million) 0.57% 5.5 year senior unsecured notes under its S$500 million (US$371 million) multicurrency debt programme.

Barclays and DBS are joint lead managers.

Proceeds will be used to refinance existing borrowings, investments and general working capital and funding purposes of Parkway Life REIT.

The debt priced 1bp tighter than the group’s maiden ¥3.3 billion six-year debt sold in March this year. DBS was sole bookrunner on that deal.
Posted on: 05/12/2017 UTC+08:00


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