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Parkway Life Real Estate Investment Trust has secured its first social loan worth JPY 8.8 billion with a 10-year tenure and has also issued its inaugural green bond of SGD 70.0 million at a fixed coupon rate of 2.103 percent. The five-year notes, known as Series 009, will be used entirely to refinance loans due in the fourth quarter of 2026. The social loan will support healthcare and aged care infrastructure. The move strengthens the REIT's funding profile while aligning with its sustainability-focused financing strategy.
Parkway Life Real Estate Investment Trust announced in the past week that it has secured its maiden social loan and completed its first green bond issuance as part of its capital management strategy. Advertisement
The REIT obtained a 10-year social loan amounting to JPY 8.8 billion to support the financing of healthcare and aged care infrastructure assets. The funding is aligned with its portfolio focus on hospitals, nursing homes and healthcare facilities, primarily in Japan and other Asian markets.
In addition, the trust priced a five-year green bond worth SGD 70.0 million at a fixed-rate coupon of 2.103 percent. The notes, referred to as Series 009, mark its inaugural green bond issuance. The proceeds from the bond will be fully utilised to refinance existing loans that are due to mature in the fourth quarter of 2026.
By refinancing upcoming debt well in advance of maturity, Parkway Life REIT aims to manage its liabilities prudently and maintain financial flexibility. The use of both social and green financing instruments reflects the growing trend among real estate investment trusts to tap sustainable funding sources to diversify capital channels and potentially secure competitive borrowing costs.
Parkway Life REIT has previously accessed debt markets through various medium-term note programmes and bank facilities. The latest transactions further extend its debt maturity profile while reinforcing its commitment to responsible financing tied to healthcare and community infrastructure.
Source Reuters
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