PT Bank Mandiri (Persero) Tbk (“Bank Mandiri”)’s third issuance of the Euro Medium Term Notes (EMTN) programme

Acted as the Indonesian legal counsel to Deutsche Bank AG, Singapore Branch, The Hongkong and Shanghai Bank Corporation Limited, and Mandiri Securities Pte. Ltd., as the Arrangers and Dealers, in the third issuance of the Euro Medium Term Notes (EMTN) programme by PT Bank Mandiri (Persero) Tbk (“Bank Mandiri”), Indonesia’s largest state-owned bank. The notes were priced at USD 300 million 5 years with a coupon of 2%. This is Bank Mandiri’s first green bond, where the proceeds are used to finance environmentally and socially focussed projects. The notes had met the Sustainability Bond Guidelines standards of the International Capital Market Association (ICMA), which is in line with Asean Sustainability Bond Standards, Green Bond Standards, and Social Bond Standards. The notes were listed on SGX on 20 April 2021. Partners Putu Suryastuti and Mohammad Renaldi Zulkarnain led the transaction.