Lippo Malls Indonesia Retail Trust (SG:D5IU) has released an update.
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Lippo Malls Indonesia Retail Trust has initiated an exchange offer for its 7.25% Senior Notes due in 2024, offering holders the opportunity to swap for new Senior Notes due in 2026 with additional cash compensation. The exchange, guaranteed by Perpetual (Asia) Limited, aims to consolidate the old notes with the 7.50% Senior Notes issued in February 2021. Eligible holders have until 20 May 2024 to participate in the offer, which requires a minimum tender amount to meet the new note denominations.
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