Lippo Malls seeks consents to change issuer, guarantor of four series

By Wendy Van Sickle

Columbus, Ohio, Oct. 31 – Lippo Malls Indonesia Retail Trust announced a solicitation of consents for four series of notes.

The notes include the S$75 million series 005 4.1% senior notes due 2020 and S$100 million series 001 4½% senior notes due 2018 issued by LMIRT Capital Pte. Ltd. and the S$140 million series 002 7% perpetual securities and S$120 million series 002 6.6% perpetual securities issued by LMIRT Trustee.

Holders of each series are being asked to consent to substituting Perpetual (Asia) Ltd. in place of LMIRT Trustee in its capacity as issuer or guarantor of the relevant series as well as certain other changes.

An early bird consent fee of 15 basis points is being offer for each series for holders who submit voting instructions in favor of the changes by 5 a.m. ET on Nov. 15.

The regular consent fee is 10 bps and is available to holders who submit voting instructions after the early deadline but in time for a series of meetings being held on Nov. 27.

CIMB Bank Berhad (+65 6302-3956 or 65 6302-3955) is the solicitation agent.

Lippo Malls Indonesia is a Singapore-based real estate investment trust.

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