Bloomberg News

Lippo Malls Indonesia Retail Said to Borrow S$200 Million

October 11, 2011

(Adds loan pricing in third paragraph.)

Oct. 11 (Bloomberg) -- Lippo Malls Indonesia Retail Trust, which invests in shopping malls across Southeast Asia’s biggest economy, has completed a S$200 million ($156 million) term loan, said a person familiar with the matter.

Credit Suisse Group AG, CIMB Group Holdings Bhd., Standard Chartered Plc and UBS AG joined the so-called club loan, the person said. The three-year facility comprises a S$150 million tranche and a S$50 million portion.

The loan pays a margin of 400 basis points more than the Singapore interbank offered rate and proceeds will be used to refinance debt, the person said.

--Editor: Katrina Nicholas

To contact the reporter on this story: Wendy Mock in Hong Kong at wmock3@bloomberg.net

To contact the editor responsible for this story: Shelley Smith at ssmith118@bloomberg.net


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