Representing PT Pertamina (Persero) in its offering of USD 1.5 billion Global Medium-Term Notes Program (2019)
Led by our Partners, Pramudya A. Oktavinanda and Ahmad Zakaria, and Associate, Paula Aprijanto, UMBRA recently acted as the issuer counsel for PT.Pertamina (Persero) in its successful issuance of USD1.5 billion global bonds which will be used to support the company’s capital expenditure budget. Hailed as one of the largest global bonds issuances by an Indonesian Company in 2019 (if not the largest so far), it is a landmark deal for Pertamina as it secured the best interest rates among all of its global bonds offerings throughout the years, demonstrating a very positive market perception on the financial and business strength of Pertamina. We are very proud to be a part of this transaction and we thank Pertamina for the trust given to us to act as their issuer counsel. Congratulations again to Pertamina and we hope that the bonds will enable Pertamina to continue contributing to the betterment of Indonesian people.