Global Bond issuance in USD amounting to 1.8 Billion and Sustainable Development Goals (SDG) Global Bond in EUR amounting 750 Million
Led by our Head of the Securities and Corporate Compliance Practice Group, Ahmad Zakaria, and supported by associate Aldi Yuransa, we are thrilled to announce our successful role in advising Citigroup, Credit Agricole Corporate and Investment Bank, Deutsche Bank AG, Goldman Sachs, and Societe Generale as Joint-Lead Managers for the Republic of Indonesia’s SEC-registered dual currency global bond issuance, amounting to USD 1.8 billion and EUR 750 million. The offering was settled on September 4, 2024 (Jakarta Time). (Find out more: https://lnkd.in/gdn8gck3)
This landmark transaction is the largest-ever global USD and EUR bond issuance by the Republic of Indonesia and marks the biggest Global Bond tranche globally. Additionally, it represents the second issuance of a Sustainable Development Goals (“SDG”) Bond in Euro since the initial 2021 issuance, reinforcing Indonesia’s commitment to sustainable financing. The proceeds from the bond issuance will be channeled towards financing the 2024 state budget (APBN), with SDG bond proceeds specifically allocated to fund projects under the Republic’s SDGs Government Securities Framework, aligning with global standards, including the ICMA principles.
We are incredibly proud to have played a role in this significant transaction, and we extend our heartfelt thanks to the Joint Lead Managers for entrusting us as their local counsel. Congratulations once again to the Republic of Indonesia and the Joint Lead Managers. We are confident that these bonds will propel Indonesia forward on its journey toward sustainable development, helping to achieve the nation’s 2030 SDG targets.
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