Acted for PT Pertamina International Shipping, a subsidiary of the Pertamina Group, in a USD194 million al-ijarah al-muntahiyah bi at-tamlik facility from PT Sarana Multi Infrastruktur (Persero) for the procurement of handysize LPG carrier vessels and medium-range tanker vessels.
Acted for PT Bank Mandiri (Persero) Tbk, PT Bank Rakyat Indonesia (Persero) Tbk and PT Bank Syariah Indonesia Tbk in a Rp3.68 trillion financing (covering both conventional credit and sharia facilities) to PT Kereta Commuter Indonesia for the procurement of new train sets.
Acted for PT Bank Negara Indonesia (Persero) Tbk in a USD516 million financing to PT Nations Natuna Barat, a subsidiary of the Arsari Group, for the acquisition of a majority participating interest in the Duyung PSC.
Acted for Citibank N.A., Indonesia as creditor in the bankruptcy of PT Sri Rejeki Isman Tbk and other entities within the Sritex Group.
Acted for PT Bank KB Indonesia Tbk in a Rp1.65 trillion multi-leg transactions (two series of Rp750 billion and Rp900 billion) involving the acquisition of sukuk issued by PT Toba Bara Sejahtera Tbk and the disposal of non-performing loan portfolio to a Variable Capital Company (VCC) in Singapore.
Representing the lenders on a financing provided to PT Dexin Steel Indonesia for the expansion of its integrated steel plant in Indonesia Morowali Industrial Park. The facility benefited from partial coverage by Sinosure and we also advised on intercreditor and security sharing arrangement of the project.
The syndicate of lenders, on the structuring and arranging of USD2.85bn standby senior financing to fund the acquisition by the Indonesian government of the majority stake in the Grasberg copper mine in the Papua province.
Representing a syndicate lenders on a USD 1.6bn and IDR 2.5tn syndicated loan for Adaro Group subsidiaries.
Sustainability-Linked Loan from a syndication of Indonesian banks to PT Semen Indonesia (Persero) Tbk for IDR 4.15tn ,PT Semen Baturaja Tbk for IDR 901.43bn and Solusi Bangun Indonesia for IDR 1.4tn.
Disposal of the IDR1.1tn (USD85m) non-performing loan assets to Molucca Holdings S.À.R.L., a consortium of international financial institutions,