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LMIRT prices US$200 mil guaranteed senior notes with 7.5% coupon due 2026

Felicia Tan
Felicia Tan2/3/2021 8:31 AM GMT+08  • 2 min read
LMIRT prices US$200 mil guaranteed senior notes with 7.5% coupon due 2026
The final order book of the offering was 5.5 times over-subscribed and stood at US$1.1 billion from 109 investor accounts.
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LMIRT Capital, the wholly-owned subsidiary of Lippo Malls Indonesia Retail Trust (LMIRT), has successfully priced and allocated its second US dollar bond of US$200 million ($266.2 million) five-year guaranteed senior notes on Feb 3.

The notes will mature on Feb 9, 2026, and bear a coupon of 7.5% per annum payable semi-annually in arrears.

The notes, which are guaranteed by LMIRT’s trustee Perpetual (Asia), will be issued at an issue price of 98.98% of the principal amount of the notes.

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