SINGAPORE (Yosefardi) – LMIRT Capital Pte Ltd, subsidiary of Lippo Malls Indonesia Retail Trust, has priced its S$150 million 4.25% Notes due 2016.
The Notes will be issued under its S$750 million Guaranteed Euro Medium Term Note Program guaranteed by HSBC Institutional Trust Services.
On Wednesday, September 25, LMIRT ended higher by 2.25% to S$0.455. It has dropped from peak (S$0.58) to as low as S$0.39, but recovered since late last month.
In Jakarta, Lippo Karawaci lost 4.2% with over 78 million shares exchanged hands, while Matahari Department Stores lost 4.27%. Multipolar and Matahari Putra Prima also ended lower ground.