by Amruth Sundarkumar | Jan 12, 2023 | High Yield Bonds, Southeast Asia
Lippo Karawaci’s bond buyback will broaden funding diversity and reduce foreign-currency risk, Fitch noted, contingent on the buyback being accepted. Lippo had launched a tender offer and consent solicitation yesterday for its $405mn 8.125% 2025s and $417mn...
by Amruth Sundarkumar | Nov 21, 2022 | Singapore Dollar Bonds
Lippo Malls Indonesia Retail Trust (LMIRT) has decided to not redeem its outstanding S$120mn 6.6% Perps on the first call date of December 19, 2022. Thus, the coupon will reset then to the prevailing 5Y SOR plus the initial credit margin of 475.5bp. Based on the...
by Megha Malhotra | Aug 30, 2021 | Financial News
Indonesia’s chief security minister, Mahfud MD informed the media during a press conference that authorities have seized 5.3 million sqm of land and property assets in various Indonesian cities, in order to recoup the state loans that were given to banks during the...
