Wednesday, September 9, 2015

Investors appear to shrug off Lippo Mall's notes programme

Lippo Malls Indonesia Retail Trust is trading flat at 31 cents in Singapore on Wednesday after it establishes a securities programme that will allow it to raise up to $1 billion by selling notes.

BNP Paribas and Standard Chartered Bank have been appointed arrangers and dealers of the programme, Lippo Malls says in a regulatory filing.

However, no details were given about what the proceeds from any future notes sales will be used for.

By comparison, the Straits Times Index is up 0.3%.

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