Lippo Malls Set for New Senior Notes Issue

Lippo Malls Indonesia Retail (SG:D5IU) has released an update.

Lippo Malls Indonesia Retail Trust, managed by LMIRT Management Ltd., is set to issue US$16.2 million in 7.50% Guaranteed Senior Notes due 2026, aiming to use the proceeds to refinance existing debt and cover related fees and expenses. These notes will consolidate with previous issuances creating a single series, with an interest rate of 7.50% per annum, payable semi-annually. The company has announced plans to list the notes on the SGX-ST, providing an opportunity for investors to participate in the offering.

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