Pertamina US$1.5 billion Dual-Tranche Bond Awarded as Best Corporate Bond by the Asset Country Awards 2019
Congratulations to PT Pertamina (Persero) for winning the Best Corporate Bond award at the Asset Country Awards 2019.
The Asset Triple A Country Awards recognition represents the industry’s most prestigious awards for banking, finance, treasury and the capital markets. As the financial publishing group in Asia with the widest reach among Asian issuers and global institutional investors active in the region, The Asset takes particular care in producing its annual awards.
UMBRA – Strategic Legal Solution represents PT Pertamina (Persero) in the offering of US$1.5 billion dual-tranche global bond. Hailed as one of the largest global bonds issuances by an Indonesian Company in 2019, it is a landmark deal for Pertamina as the robust demand from investors enabled Pertamina to significantly tighten the pricing by 35bp for both tranches of the issuance. 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.