tiprankstipranks
Lippo Malls Set for New Senior Notes Issue
Company Announcements

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.

For further insights into SG:D5IU stock, check out TipRanks’ Stock Analysis page.

Looking for more investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Optimize your mobile reading experience. Download the TipRanks App today!