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Parkway Life REIT prices JPY3.3 bil 6-year notes with 0.51% p.a. coupon

Felicia Tan
Felicia Tan3/22/2021 9:56 PM GMT+08  • 2 min read
Parkway Life REIT prices JPY3.3 bil 6-year notes with 0.51% p.a. coupon
The new notes are priced lower than the existing 0.58% notes, resulting in further interest cost savings for the next six years.
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The manager of Parkway Life REIT (PLife REIT) has priced JPY3.3 billion ($41.3 million) worth of six-year senior unsecured fixed rate notes due 2027.

The notes, which are denominated in JPY, will carry a coupon of 0.51% per annum, and will be drawn down under Parkway Life MTN’s $500 million Multicurrency Debt Issuance Programme.

The issue of the notes is expected to be completed on March 29.

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