By Marisa Wong
Madison, Wis., June 26 - Lippo Malls Indonesia Retail Trust said its wholly owned subsidiary, LMIRT Capital Pte. Ltd., has priced S$200 million of 4.88% notes due July 6, 2015 and S$50 million of 5 7/8% notes due July 6, 2017.
The notes will be issued under the newly established S$750 million guaranteed euro medium-term note program announced on Monday.
The program is guaranteed by LMIRT Capital's direct parent company, HSBC Institutional Trust Services (Singapore) Ltd., which is also the trustee for the Lippo Malls trust.
Standard Chartered Bank is the arranger for the program and the bookrunner for the 4.88% and 5 7/8% notes.
Proceeds from the issuance will be used for general funding purposes, including acquisitions, asset enhancement works, capital expenditures and refinancing of debt facilities.
Lippo Malls Indonesia is a Singapore-based real estate investment trust.
| Issuer: | LMIRT Capital Pte. Ltd.
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| Issue: | Medium-term notes
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| Amount: | S$250 million
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| Bookrunner: | Standard Chartered Bank
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| Pricing date: | June 26
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| 2015 notes
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| Amount: | S$200 million
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| Maturity: | July 6, 2015
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| Coupon: | 4.88%
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| 2017 notes
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| Amount: | S$50 million
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| Maturity: | July 6, 2017
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| Coupon: | 5 7/8%
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