Parkway Life Real Estate Investment Trust (PLife REIT) announced on Feb, 20 2026 that it has completed a pair of refinancing exercises under its newly established Sustainable Financing Framework, comprising its first social loan and inaugural green bond.

PLife REIT secured a 10-year JPY8.8 billion (approximately 72.0 million Singapore dollars) committed, unsecured social loan from DBS Bank Ltd. Proceeds will refinance an existing facility that funded the acquisition of nursing homes in Japan, which qualify as eligible social projects under the framework.

The trust also priced a 5-year 70.0 million Singapore dollars senior unsecured green bond (Series 009 Notes) with a fixed coupon of 2.103%. The notes are scheduled for issuance on Feb, 27 2026, with United Overseas Bank Limited acting as sole lead manager and bookrunner. Funds will refinance a loan linked to Project Renaissance, the renewal capital expenditure programme at Mount Elizabeth Hospital.

Following completion of both transactions, PLife REIT will fully refinance all loans maturing in the fourth quarter of 2026, leaving it with no long-term debt refinancing requirements until Mar, 2027. The weighted average debt term to maturity is expected to extend from 3.0 years (as at Dec, 31 2025) to about 4.1 years.

As at Dec, 31 2025, PLife REIT owned 74 healthcare properties across Singapore, Japan and France, with a total portfolio value of approximately 2.57 billion Singapore dollars.