15 Jun 2020

PT Genomik Solidaritas Indonesia’s issuance of convertible bond

Partner Yanu Wiriasmoko from Assegaf Hamzah & Partners acted for PT Genomik Solidaritas Indonesia (a subsidiary of Indika Foundation, a foundation established by PT Indika Energy Tbk.) in its fund raising through the issuance of IDR 77,5 billion (approximately USD 5,5 million) convertible bond, for the purpose of funding the client’s project in establishing and operating a RT-PCR (reverse transcription polymerase chain reaction) laboratory to detect and conduct testing of Covid-19 in Indonesia.