Longstanding experience in handling securities transactions
Our lawyers have been active in Indonesia for more than 12 years and adapted to the unique Indonesian securities market. They also have strong track record of involvement in numerous leading deals, major innovative high profile domestic and international public offerings by local, multinational and public companies (including state-owned).
Clear understanding of what regulators think
Our lawyers has established deep relationships with major regulatory agencies in the Indonesian Capital Markets arena. Our relationships and resulting credibility ensure that our advice has taken into consideration the inputs from relevant regulators and the available market practice.
Specialist in local and international offerings
Our lawyers are familiar with both local and major international offerings, including Regulation S and Regulation 144A. We are also experienced in both equity and debt securities offerings where each type of offering has special characteristics and market practice, allowing us to assist the client in navigating throughout the deal until completion, preparing all the relevant documentation from Indonesian legal perspective, and cooperating with the international counsels.
UBS AG, Singapore Branch, Morgan Stanley & Co. International plc, and CIMB Bank (L) Limited (the “Lead Underwriters”)
Representing the Lead Underwriters in relation to secondary offering of 40% shares in PT Matahari Department Store Tbk. by CVC Capital Partners. This deal is amounted to IDR14 trillion (approximately USD 1.5 billion), the largest secondary offering transaction in Indonesia to date.
PT Telekomunikasi Indonesia (Persero) Tbk (“Telkom”)
Representing Telkom in its US$150 million private placement of its treasury shares
Representing Telkom in its IDR12 trillion-continuous bonds offering (shelf registration), which would be carried out in a two-year period
Representing Telkom in its IDR3 trillion bonds public offering
PT Berlian Laju Tanker Tbk (“BLT”)
Representing BLT in its US$2.1 billion debt restructuring involving a major debt to equity swap for all of its unsecured debt through non pre-emptive rights offering. This is the largest court sanctioned debt restructuring to date for an Indonesian listed company, involving a huge amount of international and local creditors (many are unknown).
Deutsche Bank AG, Hong Kong Branch (“DB”)
Representing DB as the Sole Book Runner and Lead Manager in relation to the issuance of US$365 million Senior Secured Notes by Ottawa Holdings Pte Ltd, a wholly-owned subsidiary of PT Bhakti Investama Tbk. The notes were sold to institutional investors in United States under Rule 144A and Regulation S of the US Securities Act, and listed in Singapore Exchange Securities Trading Limited
PT PLN (Persero) (“PLN”)
Representing PLN, a state-owned electric utility company, in its second offering of USD 1 billion 30-year senior unsecured bonds as a continuation of the Global Medium Term Notes (GMTN) Program it issued in 2011
Representing PLN in the issuance of Global Medium Term Notes Program amounting to US$2 billion
Representing PLN in its first even global offering of US$1 billion in bonds
PT Danareksa Sekuritas, PT Mandiri Sekuritas, PT Bahana Securities, PT CIMB Securities Indonesia, and Credit Suisse (Singapore) Limited (“Selling Agents”)
Representing the Selling Agents in connection with the Rp5.37 trillion (approximately US$392.4 million) rights offering of Perusahaan Perseroan (Persero) PT Aneka Tambang Tbk, the national mining company of Indonesia