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LIPPO MALLS INDONESIA RETAIL TRUST
ANNUAL REPORT 2013
CAPITAL MANAGEMENT
A PRUDENT CAPITAL MANAGEMENT STRATEGY
The Manager pursues a prudent capital management
strategy through adopting andmaintaining a conservative
gearing level as well as an active currency and interest
rate management policy.
This strategy aims to:
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HEDGING AGAINST INTEREST RATE RISKS
It is the policy of the Manager to work towards delivering
stable and growing returns through sourcing attractively
priced capital and adopting appropriate hedging
strategies.
LMIR Trust has in place an interest rate swap for a period
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interest rate of the borrowings.
MODERATE GEARING LEVEL PROVIDES STABILITY
IN CURRENT TIGHT CREDIT MARKET
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is obtained and disclosed to the public).
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to partly fund the acquisitions of new properties. Such
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(VBSBOUFFE &VSP .FEJVN5FSN /PUF 1SPHSBNNF &.5/
Programme) and the following notes had been issued
pursuant thereto as illustrated below:
Amount
Coupon Maturity Date
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continued to per form in accordance with the loan
provision and have met all covenants to date. We will
continue to focus on prudent capital management
strategy by conserving cash through tight controls over
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