Parkway Life Reit secures 8.8 billion yen social loan from DBS, issues S$70 million green bond
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Parkway Life Real Estate Investment Trust (Reit) has secured an 8.8 billion yen (S$72 million) social loan from DBS and priced a S$70 million green bond at a 2.103% coupon. The funds will refinance loans maturing in Q4 2026 and support sustainable projects in Singapore, Japan, and Europe. The social loan is for acquiring nursing homes in Japan, while the green bond will fund renewal works at Mount Elizabeth Hospital, aiming for Green Mark Platinum certification. After these transactions, Parkway Life Reit will have no debt refinancing needs until March 2027, extending its average debt maturity to 4.1 years.
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