Lippo Malls goes international with dollar debut

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By Morgan Davis
13 Jun 2019

Lippo Malls Indonesia Retail Trust made its debut in the dollar market on Wednesday, diversifying its investor base and achieving quite a large deal size at an attractive price.

The Reit, which has its assets in Indonesia, is housed in Singapore. The borrower has previously sold Singapore dollar bonds and plans to swap its US dollar proceeds to Singapore dollars. Entering the G3 market allowed Lippo to sell a larger deal than it could in the Singapore ...

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