Published on 2/3/2021 in the Prospect News Emerging Markets Daily.
New Issue: Lippo Malls Indonesia prices $200 million 7½% notes due 2026
By Rebecca Melvin
New York, Feb. 3 – Lippo Malls Indonesia Retail Trust’s LMIRT Capital Pte. Ltd. issued $200 million of 7½% guaranteed senior notes due 2026 at 98.98, according to a company announcement on Wednesday.
The notes are guaranteed by Perpetual (Asia) Ltd., which is the trustee of Lippo Malls Indonesia Retail Trust.
BNP Paribas, CIMB Bank Bhd., Singapore Branch, Credit Suisse (Singapore) Ltd., Deutsche Bank AG, Singapore Branch and Shanghai Pudong Development Bank Co. Ltd. Singapore Branch were joint lead managers of the Regulation S deal.
Lippo Malls Indonesia is a Singapore-based real estate investment trust.
Issuer: | LMIRT Capital Pte. Ltd.
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Guarantor: | Perpetual (Asia) Ltd.
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Issue: | Guaranteed senior notes
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Amount: | $200 million
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Maturity: | Feb. 9, 2026
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Bookrunners: | BNP Paribas, CIMB Bank Bhd., Singapore Branch, Credit Suisse (Singapore) Ltd., Deutsche Bank AG, Singapore Branch, and Shanghai Pudong Development Bank Co. Ltd. Singapore Branch
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Coupon: | 7½%
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Price: | 98.98
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Announcement date: | Feb. 3
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Distribution: | Regulation S
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