Linklaters advises on the US$2.2bn Sukuk issuance by The Republic of Indonesia
Linklaters advised the joint lead managers on the issuance of US$2.2bn trust certificates by The Republic of Indonesia. The offering comprises US$1.1bn 5-year trust certificates and US$1.1bn 10-year green trust certificates. The certificates are listed on both the Singapore Exchange Securities Trading Limited and Nasdaq Dubai.
The transaction attracted strong demand and saw participation from a broad spectrum of investors including asset and fund managers, financial institutions, central banks, sovereign wealth funds, and insurers – as well as jurisdictions, highlighting robust global appetite and signalling continued market confidence in Indonesia’s economic outlook.
The Linklaters team was led by partner and Head of South and Southeast Asia Capital Markets Amit Singh, with support from managing associate Calvin Soon and associate Calvin Cheng.
Linklaters’ Head of South and Southeast Asia Capital Markets Amit Singh commented:
The transaction attracted strong demand and saw participation from a broad spectrum of investors including asset and fund managers, financial institutions, central banks, sovereign wealth funds, and insurers – as well as jurisdictions, highlighting robust global appetite and signalling continued market confidence in Indonesia’s economic outlook.
The Linklaters team was led by partner and Head of South and Southeast Asia Capital Markets Amit Singh, with support from managing associate Calvin Soon and associate Calvin Cheng.
Linklaters’ Head of South and Southeast Asia Capital Markets Amit Singh commented:
“With a well-established and globally integrated Islamic finance practice, we are proud to have supported the managers on this landmark transaction by the Republic of Indonesia, which attracted strong global investor interest and further reinforces Indonesia’s commitment to green and sustainable financing. Congratulations to the Government of Indonesia on delivering another highly successful issuance.”Linklaters has a prominent reputation in the Asia capital markets, providing clients with practice expertise and commercial insights to capitalise on opportunities. With one of the largest teams focussed on Southeast Asia, the firm has worked on numerous high-profile and landmark transactions. The team has also previously advised on the US$2.75bn Sukuk issuance by The Republic of Indonesia.
