PT Bank Rakyat Indonesia (Persero) Tbk’s IDR 96 trillion rights issue

Acted as the lead counsel to BRI, one of the largest banks in Indonesia, on its IDR 96 trillion (approximately USD 6.7 billion) rights issue on 29 September 2021. This is the largest rights issue in Indonesia and Southeast Asia to date. The funds raised will be allocated to the newly established ultra-micro state-owned enterprises holding group and ecosystem with BRI as the holding company. The deal won Equity Market Deal of the Year from ALB Indonesia Law Awards 2022. Partners Ahmad Fikri Assegaf, Indira Yustikania , Putu Suryastuti and Mita Kartohadiprodjo led the transaction.