Parkway Life REIT Secures Social Loan and Green Bond to Extend Debt Maturity

Parkway Life Real Estate Investment ( (SG:C2PU) ) has shared an announcement.

Parkway Life REIT has launched a new Sustainable Financing Framework and completed key refinancing exercises, securing its maiden 10-year JPY8.8 billion unsecured social loan from DBS Bank and pricing a 5-year SGD70 million senior unsecured green bond at a fixed coupon of 2.103%. The green bond, known as the Series 009 Notes, will be issued with UOB as sole lead manager and bookrunner, and both instruments qualify respectively as a social loan and a green bond under the new framework.

Proceeds from the JPY social loan and Series 009 Notes will be fully used to refinance loans maturing in the fourth quarter of 2026, leaving PLife REIT with no long-term debt refinancing needs until March 2027. Following these transactions, the REIT’s weighted average debt term to maturity is expected to increase from 3.0 years to about 4.1 years, bolstering its capital structure, lengthening its debt profile and enhancing financial flexibility for stakeholders.

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 (PLife REIT), managed by Parkway Trust Management Limited, is a Singapore-listed healthcare-focused real estate investment trust. It invests primarily in healthcare and aged care infrastructure, positioning itself in assets that support healthcare systems and relieve pressure on public services in its core Asian markets.

Average Trading Volume: 771,331

Technical Sentiment Signal: Strong Buy

Current Market Cap: S$2.65B

See more data about C2PU stock on TipRanks’ Stock Analysis page.