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Parkway Life Real Estate Investment ( (SG:C2PU) ) has provided an update.
Parkway Life REIT, a Singapore-listed healthcare-focused real estate investment trust, has issued S$70 million of 2.103% senior unsecured green notes due 2031 under its S$500 million multicurrency debt issuance programme. The notes, issued by Parkway Life MTN Pte. Ltd. and guaranteed by the REIT’s trustee, have received in-principle approval for listing on the Singapore Exchange.
The issue introduces an event-of-default provision tied to the removal of the REIT’s manager if no replacement is appointed in line with the trust deed, potentially affecting about S$915.1 million of facilities, including the new notes but excluding debt to be repaid with their proceeds. The manager reported no current breach of this condition, and United Overseas Bank Limited acted as sole lead manager and bookrunner, underscoring continued access to capital markets and structured governance around management continuity.
The most recent analyst rating on (SG:C2PU) stock is a Buy with a S$5.45 price target. To see the full list of analyst forecasts on Parkway Life Real Estate Investment stock, see the SG:C2PU Stock Forecast page.
More about Parkway Life Real Estate Investment
Parkway Life Real Estate Investment Trust is a Singapore-based healthcare REIT managed by Parkway Trust Management Limited, focusing on income-generating healthcare and hospital-related properties. It raises capital through multicurrency debt issuance programmes to support its portfolio and funding needs in regional healthcare markets.
Average Trading Volume: 778,021
Technical Sentiment Signal: Strong Buy
Current Market Cap: S$2.68B
Find detailed analytics on C2PU stock on TipRanks’ Stock Analysis page.