Republic of Indonesia’s $1 Billion Bonds Offering

Norton Rose Fulbright has advised the underwriters, led by joint lead managers and joint bookrunners ANZ, Citigroup, Deutsche Bank, Goldman Sachs and Mandiri Securities, on a multi-billion dollar three-tranche bond issuance by the Republic of Indonesia (the “Republic”).

The Republic issued US$1 billion of 2.95% bonds due 2023, US$1.25 billion of 3.50% bonds due 2028 and US$1.75 billion of 4.35% bonds due 2048. The issuance was the Republic’s first US SEC-registered offering in over 15 years. The bonds are listed in Singapore and Frankfurt.

PT Danareksa Sekuritas, PT Trimegah Sekuritas and PT Bahana Securities acted as co-managers.

The Norton Rose Fulbright cross-border team was led by Hong Kong-based partner David Johnson (Picture) and associate Grace Lo. The team included Singapore-based partner Vicky Muenzer-Jones, of counsels Cynthia Teo and Paul Sumilas, trainee Emi Christensen and New York partner Michael Flamenbaum.

 

Involved fees earner: David Johnson – Norton Rose Fulbright; Vicky Muenzer-Jones – Norton Rose Fulbright; Cynthia Teo – Norton Rose Fulbright; Paul Sumilas – Norton Rose Fulbright; Michael Flamenbaum – Norton Rose Fulbright;

Law Firms: Norton Rose Fulbright;

Clients: Citigroup Inc.; Deutsche Bank; Goldman, Sachs & Co.; PT Mandiri Sekuritas; ANZ Banking Group;

 

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Author: Michael Patrini