Allen & Overy advises on the Republic of Indonesia’s USD2.05 billion SEC-registered offering
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Allen & Overy (A&O) has advised the Republic of Indonesia (the “Republic”) on its SEC-registered global offering of USD500 million 4.400% Bonds due 2029, USD650 million 4.700% Bonds due 2034, and USD900 million 5.100% Bonds due 2054.
The Government of Indonesia will use the proceeds of the offering for the general purposes of the Republic.
Partner Felipe Duque commented: “As a global leader in sovereign debt offerings, A&O is honored to have a long-standing relationship with the Republic. We also have significant experience in financing transactions for state-owned enterprises in Indonesia across a variety of capital markets instruments.”
Since 2018, A&O have advised on nine of the Republic’s SEC-registered transactions as US federal securities and New York counsel. The firm also represented the underwriters on the Republic’s two SEC-registered transactions in 2018 and 2019 and has since acted for the Republic of Indonesia on seven SEC-registered transactions from 2020 to 2024, in addition to representing the Republic on its two sukuk offerings in 2022 and 2023. In total, A&O have assisted the Republic to raise aggregate amounts of approximately USD31.1 billion-equivalent since 2018.
The team comprised of Felipe Duque (Partner), Magdalena Biereder (Senior Associate) and Sean Cao (Associate). Aloysius Tan (Partner) and Nick Yap (Associate) acted as SGX listing agent.