30 Sep 2021

PT Bank Rakyat Indonesia (Persero) Tbk (“BRI”)’s rights issue

Partners Ahmad Fikri Assegaf, Indira Yustikania, Putu Suryastuti, and Mita Kartohadiprodjo from Assegaf Hamzah & Partners acted as the lead counsel to PT Bank Rakyat Indonesia (Persero) Tbk (“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.