Lippo Malls Indonesia Retail Trust's property, Lippo Malls Kemang. (Photo: Lippo Malls Indonesia Retail Trust)Lippo Malls Indonesia Retail Trust's property, Lippo Malls Kemang. (Photo: Lippo Malls Indonesia Retail Trust)

Indonesia-focused retail REIT, Lippo Malls Indonesia Retail Trust (LMIRT) (SGX:D5IU), announced on 17 November that it has priced its SGD100 million 4.50% Notes due 2018.

The notes will be issued under the REIT’s SGD1 billion Euro medium term securities programme. BNP Paribas, OCBC Limited and Standard Chartered Bank have been appointed as joint lead managers in the issue.

“The notes will mature on or about 23 November 2018 and will bear a fixed interest rate of 4.50% per annum payable semi-annually in arrear.”, said the REIT in a statement on the pricing.

Units of LMIRT are currently listed on the Singapore Exchange at SGD0.305.

By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.