JAKARTA — PT Lippo Karawaci Tbk (LPKR) will secure a jumbo loan worth IDR 6 trillion, which will be used to pay off some of senior bonds that will mature in 2025 and 2026.

Ratih Safitri, Corporate Secretary of Lippo Karawaci, revealed that the company is currently submitting a notes tender offer for said plan. "We are requesting approval from the holders of Senior Bonds 2025, with an interest rate of 8.125%, and Senior Bonds 2026, with an interest rate of 6.75%," she mentioned in the information disclosure quoted Thursday (12/1).

Therefore, LPKR and Theta Capital, its subsidiary that guarantees Senior Bonds 2025 and 2026, as well as Deutsche Bank AG, Singapore, BNI Securities Pte Ltd, and CIMB Investment Bank Berhad, had signed the dealer manager agreement for these senior bonds yesterday (11/1).

LPKR and its subsidiary have signed the agreement with BNI and CIMB Niaga, positioning them as mandated lead arrangers and bookrunners. The transaction is projected to be completed on February 6, 2023. (LK/ZH)