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Lippo Malls trust selling perps with 7% coupon

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Published Tue, Sep 20, 2016 · 09:50 PM

Singapore

LIPPO Malls Indonesia Retail Trust (LMIR) is selling perpetual bonds offering a tantalising 7 per cent coupon amid a tough environment for high yield debt.

"It looks like the highest (coupon) so far this year," said a banker.

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