Lippo Malls Puri is currently owned by a subsidiary of Lippo Malls Indonesia Retail Trust's sponsor. (Photo: Lippo Malls Indonesia Retail Trust)

The proposed USD notes to be issued by a subsidiary of Singapore-listed retail REIT, Lippo Malls Indonesia Retail Trust (LMIRT), have been deemed to be non-investment grade.


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By Shariffa Al-Habshee

Shariffa joined REITsWeek in 2017, and monitors Asia-Pacific REITs for the publication.