22 Oct 2020
Issuance of Shelf Registration Bond I Phase II of 2020 by PT Indonesia Infrastructure Finance
Partners Bono Daru Adji and Putu Suryastuti from Assegaf Hamzah & Partners represented PT Indonesia Infrastructure Finance (“IIF”) on the issuance of the Shelf Registration Bond I Phase II of 2020. Established in 2009 by the Indonesian government, IIF is a subsidiary of a state-owned entity, supported by the World Bank, Asian Development Bank and other multilateral institutions. The issuance amounted to IDR 1.5 trillion with the offering period between 15-16 October 2020. IIF will use the funds raised from this bond to refinance the Series A bonds as part of the Shelf Registration Bond I Phase I of 2019 and to expand their business activities in infrastructure projects in Indonesia.