Allen & Overy advises on the Republic of Indonesia's USD2.05 billion SEC-registered offering

Published Date
Jan 11, 2024
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.

Content Disclaimer
This content was originally published by Allen & Overy before the A&O Shearman merger

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