Practice Areas - Debt Capital Markets Law Firms and Lawyers
| Deal Date: | 19-10-2013 | Practice Area: | Debt Capital Markets |
| Deal Title: | Republic of Indonesia Sukuk Trust Certificates due 2019 | Industry: | Public Sector |
| Description: |
Global law firm White & Case LLP has advised the Republic of Indonesia on the issuance of USD1.5 billion, 6.125 percent Trust Certificates due 2019.
The deal was well received by investors with a balanced demand spread across Islamic and Middle East investors, the Republic of Indonesia itself, the rest of Asia, the US and Europe.
It was the Republic's fourth international Sukuk transaction since 2009 and the second in its existing Trust Certificates Issuance Programme. The transaction was executed in line with its funding roadmap for 2013 and ongoing objective of promoting Islamic finance in Asia.
Citigroup, Deutsche Bank and Standard Chartered Bank were mandated as Joint Lead Managers and Bookrunners for the transaction, with PT Bahana Securities, PT Danareksa Sekuritas, CIMB Bank, First Gulf Bank and Qatar National Bank mandated as Co-Managers. The Certificates were issued by Perusahaan Penerbit SBSN Indonesia III and will be listed on the Singapore Stock Exchange.
The White & Case team in Abu Dhabi was led by partners Sean Johnson and Shibeer Ahmed with support from Riyadh-based associate Bryan Kelly and Abu Dhabi-based associates Catherine Andrews and Alison Russell.
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| Financial Center: | Abu Dhabi | Value: | 1000.01-5000.00 |
| Advised Party: | Issuer | Law Firm | White & Case |
| Issuer Jurisdiction | Indonesia | Listing Jurisdiction | UAE |
| Classification: |
Islamic Finance Murabaha |
Lawyer | Shibeer Ahmed |
