SINGAPORE (Yosefardi) – LMIRT Management Ltd., as manager of Lippo Malls Indonesia Retail Trust (LMIR Trust) said LMIRT Capital Pte. Ltd. and HSBC Institutional Trust Services (Singapore) Limited, have established a S$1 billion Euro Medium Term Securities Program.
Under the Program, each of LMIRT Capital and LMIRT Trustee may from time to time issue Medium Term Notes which, in the case of Notes issued by LMIRT Capital, will be unconditionally and irrevocably guaranteed by LMIRT Trustee (Guarantor). LMIRT Trustee may from time to time issue perpetual securities.
In connection therewith, BNP Paribas and Standard Chartered Bank have been appointed to act as the arrangers and dealers of the Program.