Lippo Malls Indonesia Secures Multi-Trillion Loan

Lippo Malls Indonesia Retail (SG:D5IU) has released an update.

Lippo Malls Indonesia Retail Trust has secured a new loan facility worth up to IDR 2.5 trillion, which will be used primarily to prepay existing SGD-denominated loans. The loan has an average lifespan of 8 years and is contingent upon PT Lippo Karawaci Tbk remaining as the trust’s largest unitholder and ultimate shareholder. No Prepayment Event has been triggered as of the announcement date.

For further insights into SG:D5IU stock, check out TipRanks’ Stock Analysis page.

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