The Republic of Indonesia’s issuance of US$2.35 billion global Sukuk

Acted as Indonesian counsel to the Joint Lead Managers and Joint Bookrunners in the issuance of the US$2.35 billion global Sukuk comprising of US$750 million 5-year, US$1 billion 10-year, and US$600 million 30-year (green) Reg S/144A Trust Certificates due 2029, 2034 and 2054 respectively by the Republic of Indonesia, through Perusahaan Penerbit SBSN Indonesia III. The transaction is aligned with the Republic’s strategy to finance the state budget, as well as its commitment to develop and improve the liquidity of the Sukuk market in the region. Partner Mohammad Renaldi Zulkarnain from the Capital Markets Practice led the transaction.