Global law firm 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 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.
Norton Rose Fulbright has previously advised on three separate global sukuk offerings by the Republic and also advised the Republic on its combined global Euro/USD offering under its GMTN programme in July of this year.
David Johnson commented: “This very successful offering by the Republic follows a series of successful global bond issuances by the government, and further enhances the Republic’s reputation. We were very pleased to assist the underwriters and the Republic in this important transaction that has diversified and enlarged the Republic’s investor base.”
For further information please contact:
Jessica Seah, Marketing and Communications Manager, Asia
Tel: +852 3405 2327
Notes for editors:
This press release is not an offer of securities for sale in the United States, and any securities offered in the United States may not be offered or sold in the United States absent registration or an exemption from registration. Any offering of securities by the Republic in the United States would be made by means of a prospectus, which would be obtainable from the Republic or the Joint Bookrunners and would contain detailed information about the Republic, including statistical information.
Norton Rose Fulbright
Norton Rose Fulbright is a global law firm providing the world’s preeminent corporations and financial institutions with a full business law service. The firm has more than 4,000 lawyers and other legal staff based in Europe, the United States, Canada, Latin America, Asia, Australia, Africa, the Middle East and Central Asia.
Recognized for its industry focus, Norton Rose Fulbright is strong across all the key industry sectors: financial institutions; energy; infrastructure, mining and commodities; transport; technology and innovation; and life sciences and healthcare. Through its global risk advisory group, the firm leverages its industry experience with its knowledge of legal, regulatory, compliance and governance issues to provide clients with practical solutions to the legal and regulatory risks facing their businesses.
Norton Rose Fulbright operates in accordance with its global business principles of quality, unity and integrity, aiming to provide the highest possible standard of legal service in each of its offices and to maintain that level of quality at every point of contact.
Norton Rose Fulbright Verein, a Swiss verein, helps coordinate the activities of Norton Rose Fulbright members but does not itself provide legal services to clients. Norton Rose Fulbright has offices in more than 50 cities worldwide, including London, Houston, New York, Toronto, Mexico City, Hong Kong, Sydney and Johannesburg. For more information, see nortonrosefulbright.com/legal-notices.