Lippo Malls Indonesia Retail Trust

Lippo Malls Indonesia Retail Trust: Has priced $150m 4.25% notes due 2016. The notes will be issued under its $750m Guaranteed Euro Medium Term Note Programme. The fundraising does not come as a surprise since management had indicated during the 2Q13 analyst conference call that LMIRT may refinance the S$147.5m term loan due June 2014 as early as late 2013. House maintain DDM-based FV of S$0.44 on LMIRT and HOLD rating for now