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Allen & Overy has advised on PT Pertamina (Persero)’s latest global offering of USD1.9 billion bonds under the company’s USD20 billion Global MTN Programme

Allen & Overy has advised the arrangers and dealers on PT Pertamina (Persero)’s global offering of USD1billion 1.40% bonds due 2026 and USD900million 2.30% bonds due 2031 under the company’s USD20bn Global Medium Term Note Programme. 
PT Pertamina (Persero) is an Indonesian state-owned oil and natural gas corporation based in Jakarta. The company will use the proceeds of the offering for capital expenditures and general corporate purposes. 

Allen & Overy has significant experience in financing transactions for state-owned enterprises in Indonesia across a variety of capital markets instruments and has advised on six previous drawdowns under PT Pertamina’s Global Medium Term Note Programme. With the latest series of issuances, this represents a total of USD6.35bn.

The transaction team, comprised of lawyers from Allen & Overy and associated firm Ginting & Reksodiputro, was led by partners Harun Reksodiputro and Felipe Duque, assisted by counsel Andrew Mohammad, senior associate Magdalena Biereder and associates Randy Pongtiku and Bryan O’Brien. 

The information contained herein is restricted and is not for publication, distribution or release in or into the United States of America, Australia, Canada, Japan or South Africa. This announcement is not an offer of securities for sale or a solicitation of an offer to purchase securities in the United States or any other jurisdiction. The securities referred to herein (the “Securities”) have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not, subject to certain exceptions, be offered or sold in the United States or to or for the account or benefit of a person located in the United States.