Lippo Malls Indonesia Retail (SG:D5IU) has released an update.
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Lippo Malls Indonesia Retail Trust has successfully concluded its exchange offer for the 7.25% senior notes due 2024, with approximately 29.48% of the old notes being tendered. Despite not meeting the minimum participation condition, the company accepted all valid submissions and expects to finalize the exchange and list the new notes on the SGX-ST by the end of May 2024.
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