Lippo Malls Indonesia Reit prices US$250m bond at 7.25%; issued below par
Add BT as a preferred source
Fiona Lam
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
LIPPO Malls Indonesia Retail Trust's (LMIRT) wholly owned subsidiary, LMIRT Capital Pte Ltd, has priced its US$250 million five-year guaranteed senior notes at 7.25 per cent, to be issued below par.
This is the Asia-Pacific's first US-dollar high-yield bond issued by a real estate investment trust (Reit), and is also LMIRT's maiden US-dollar bond offering, the Indonesia-focused Reit's manager said in a filing on Thursday.
Copyright SPH Media. All rights reserved.
TRENDING NOW
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Beijing’s calculated silence on the Iran war
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Vietnam formalises new state leadership, redefining ‘four pillars’ power balance
