by Amruth Sundarkumar | Feb 21, 2023 | Credit Ratings, High Yield Bonds, Southeast Asia
Lippo Malls Indonesia Retail Trust (LMIRT) was downgraded to CCC+ from B by Fitch due to the “heightened risk” it faces in refinancing large upcoming debt maturities. This is amid “unfavorable debt capital market conditions and weakening investor...
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 bondevalue | Mar 2, 2021 | High Yield Bonds
Lippo Malls Indonesia Retail Trust (LMIRT) reported Q4 distribution per unit (DPU) at S$0.04 ($0.03), down 92% from a year ago. Gross rental income fell 65% and revenues fell 61% during the same period to S$13.8mn ($10.4mn) and S$27.3mn ($20.5mn) respectively. With...
