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Indira Yustikania

Partner

Practice Area:

Banking & Finance

LLB, University of Indonesia
LLM, Tilburg University, Netherlands

T +62 21 2555 7800
E indira.yustikania@ahp.id

Indira joined Assegaf Hamzah & Partners in 2007, and quickly developed a reputation among her colleagues for hard work and an eye for detail. She currently focuses her practice on the banking and finance sectors.

Since teaming up with AHP, Indira has gained invaluable experience representing blue-chip international financial institutions, and has drafted, or advised on, a wide range of credit and security agreements related to loan facilities extended to Indonesian borrowers. In her capital market practice, she has represented a broad spectrum of household-name clients in a range of IPO and rights issue transactions, including the US$11 billion Bank Mandiri rights issue in 2010, which was Indonesia's second biggest rights issue of that year.

In addition, she has amassed considerable expertise in the mergers and acquisitions, and general corporate practices, and advises clients across a wide range of sectors, including major telecommunications providers, private equity firms, and manufacturing enterprises.

Indira obtained her undergraduate law degree from the University of Indonesia. She has also participated in a host of prestigious international moot court competitions and had several law-related articles published in domestic and international publications.

Experience
Fintech, Telecommunication, IT & Media
  • Currently advising one of Indonesia's Foreign Investment Company on online tax platform in Indonesia;
  • Currently advising one of Singapore Based Company on the establishment of global switching company on Indonesian law related matters;
  • Advise one of Indonesian major grocery store on financial technology, especially on digital wallet and payment gateway related matters;
  • Providing ongoing legal advisory services (including advise on registration with OJK) to peer to peer lending provider from China to set up a company and peer to peer lending activity in Indonesia.
  • Advising an IT company from China to set up an information technology-based company in Indonesia as well as advising on general corporate matters
  • Representing Indonesia state-owned bank on a proposed joint venture between the Bank and a foreign payment system company in respect of the establishment a new joint venture company to be the exclusive vehicle for the Bank for provision of end-to-end acquiring services for relevant customers in Indonesia (2014-present);
  • Representing PT Agranet Multicitra Siberkom in the acquisition of shares in the company by PT Trans Media Corp (2011);
  • Representing Tower Bersama Group in US$1,000 million Offshore & Onshore Syndicated Loan (2011);
  • Representing PT Tower Bersama Infrastructur Tbk in the company IPO (2010);
  • Representing PT Sigma Cipta Harmoni in the acquisition of shares in PT Sigma Cipta Caraka by PT Multimedia Nusantara, a subsidiary of PT Telkom Tbk (2008);
  • Advising PT XL Asiata Tbk in preparing corporate governance manual (2008);
  • Representing PT Indosat Tbk. in the 2007 Public Offering of IDR 2.6 trillion bonds and IDR 400 billion syari'ah ijarah bonds (2007).
Banking & Finance, Project Finance
  • Acting as Indonesian legal counsel for PT Bank Tabungan Pensiunan Nasional Tbk (BTPN) on proposed merger with PT Bank Sumitomo Mitsui Indonesia (SMBCI)
  • Represented PT Royal Lestari Utama in relation to a pioneering corporate sustainability bond in the amount of US$95 million. The corporate green bond issuance (23 February 2018) was the first of its kind in Asia.
  • Represented PT Multi Kusuma Cemerlang in obtaining financing from prominent France based bank.
  • Representing Bank of Tokyo Mitsubishi UFJ, Jakarta Branch in the issuance of Negotiable Certificate of Deposits (NCD) I amounting IDR 1 trillion (ongoing).
  • Representing Bangkok Bank in series of aircraft components financing to Singapore borrower, guaranteed by Indonesia guarantor (2014-2015).
  • Representing PT Panca Amara Utama in the US$509 million financing from International Finance Corporation.
  • Representing one of the biggest China banks in the US$1.2 million financing of mine-mouth coal-fired power plant project in Indonesia;
  • Representing a foreign private equity firm in the US$315 million financing to an Indonesian infrastructure companies (2014).
  • Representing PT Bank DBS Indonesia in the issuance of Negotiable Certificate of Deposits (NCD) I amounting IDR 1 trillion (2014).
  • Representing PT Bank DBS Indonesia in the issuance of Negotiable Certificate of Deposits (NCD) II amounting IDR 7 trillion0 (2014).
  • Representing Energy Equity Epic (Sengkang) in the US$ 125 million financing arranged by Standard Chartered Bank (HongKong) Limited (2014).
  • Representing Anjani Capital Limited in the IDR 250 million financing to PT Andalan Bintoro Abadi, PT Indo Gemilang Sukses and PT Solusi Prima Artha (2014).
  • Representing one of Indonesian private equity firm in the numerous financing transactions to a mining group company in Indonesia (2012-present);
  • Representing Tower Bersama Group in US$1 million Offshore & Onshore Syndicated Loan (2011);
  • Representing PT Triputra Arya Investindo in US$55 million Term Loan Facility from HSBC Singapore (2011);
  • Representing PT Energy Equity Epic Sengkang in US$88 million Term Loan Facility from Standard Chartered Hong Kong (2011);
  • Representing PT Cardig Air Service Tbk in US$45 million Term Loan Facility from Standard Chartered Jakarta (2011);
  • Representing International Finance Corporation (IFC) in the US$25 million Term Loan Facility to PT Trada Maritime Tbk (2010);
  • Representing Bank Tokyo Mitsubishi UFJ in the US$25 million Term Loan Facility to PT Trada Maritime Tbk (2010);
  • Representing HSBC Jakarta as security agent in the Term Loan of PT Indika Inti Energy Tbk (2010);
  • Representing International Finance Corporation (IFC) in the US$25 million Term Loan Facility to PT Summit Otto Finance (2010);
  • Representing Raiffeisen Zentralbank Osterreich AG (RZB-Austria), Singapore Branch, in the US$25 million Term Loan Facility to PT Monrad Intan Barakat, wholly subsidiary of (acquisition financings using leverage buyout structured) (2010);
  • Representing RZB-Austria, Singapore Branch, in the US$15 million Term Loan Facility to PT Grahadura Leidongprima, a subsidiary of PT Bakrie Sumatera Plantation Tbk (2009);
  • Representing Magma Nusantara Ltd in obtaining facility for Wayang Windu Geothermal Project in the amount of US$ 211,414,387 (2008); and
  • General regulatory advices to numerous local and foreign banks.
Capital Market
  • Representing one of the biggest banks in Indonesia in securitization transaction (2013-present);
  • Representing PT Bank Mandiri Tbk in US$ 11 billion rights issue(2010 -2011);
  • Representing PT Garuda Indonesia Tbk in the in the company Initial Public Offering (2010-2011);
  • Representing PT Tower Bersama Infrastructure Tbk in the company Initial Public Offering (2010);
  • Representing PT Chandra Asri in the issuance of US$ bonds (2009);
  • Representing PT Mandiri Sekuritas, PT Danareksa Sekuritas, PT Indo Premier Sekuritas dan PT Macquaries Capital Securities Indonesia in relation to the Initial Public Offering of PT Indika Inti Energy Tbk (2008);
  • Representing PT Elnusa Tbk in the company Initial Public Offering (2008);
  • Representing PT Bank Tabungan Pensiunan Nasional Tbk in the company Initial Public Offering (2008);
  • Representing PT Titan Petrokimia Nusantara in relation to the acquisition of 100% shares in PT Titan Petrokimia Nusantara by Fatra International Holding Limited in the amount of US$188.4 million (2008);
  • Representing PT Indosat Tbk. in the 2007 Public Offering of IDR 2.6 trillion bonds and IDR 400 billion syari'ah ijarah bonds (2007).

Mergers and Acquisitions
  • Representing state-owned bank in the acquisition of insurance company (ongoing);
  • Reprensenting Coca-cola Ltd in the purchase of shares in PT Coca-cola Bottling Indonesia (2014);
  • Representing PT Amanda Cipta Utama in the purchase of shares in PT Bank Sahabat Sampoerna (2013);
  • Representing PT Agranet Multicitra Siberkom in the acquisition of shares in the company by PT Trans Media Corp (2011);
  • Representing PT Barito Pasific Tbk in the acquisition of shares in local mining companies (2011);
  • Representing Affin BankBerhard Malaysia in the acquisition of majority shares of the holding companies of PT Bank Ina Perdana (2010) (transaction aborted);
  • Representing Malayan Banking Berhad (Maybank) in the acquisition of majority shares of the holding companies of PT Bank Internasional Indonesia Tbk (2008);
  • Representing PT Agranet Multicitra Siberkom in the acquisition of shares in the company (2009, 2010)
  • Representing a leading German mining company in the acquisition of local coal mining companies (2009);
  • Representing Indonesian geothermal company in the bidding process of the proposed acquisition of BP West Java (2009);
  • Representing PT Bukit Asam (Persero) Tbk in relation to the proposed acquisition of shares in PT Bumi Resources Tbk (transaction aborted) (2009);
  • Representing Indonesian palm oil company in the legal due diligence exercise in relation to the proposed acquisition plan of numerous palm oil companies in South Sumatera (2008);
  • Representing PT Sigma Cipta Harmoni in the acquisition of shares in PT Sigma Cipta Caraka by PT Multimedia Nusantara, a subsidiary of PT Telkom Tbk (2008);
  • Representing PT Holcim Beton, a wholly subsidiary of PT Holcim Indonesia, in the legal due diligence process in relation to shares acquisition of PT Readymix Concrete Indonesia and PT Pendawa Lestari Perkasa (2007-2008);
  • Representing PT Sigmantara Alfindo in the sale of shares in PT Alfa Retailindo Tbk in the amount of IDR 674,308,363,450 by PT Carrefour Indonesia (2007-2008);
  • Representing PT Elnusa Tbk. in the Pre-Initial Public Offering merger of PT Elnusa, PT Elnusa Geosains, PT Elnusa Drilling Services, PT Sinarriau Drilindo and PT Elnusa Oilfield Services (2007).
General Corporate
  • Representing PT Agranet Multicitra Siberkom in the preparation and issuance of ESOP and MSOP (2009);
  • Representing PT Forest Grower Pratama in the proposed cooperation transaction with PT Perhutani for teakwood forestry investment in West Java and Central Java (2008);
  • Preparing governancemanualof PT Excelcomindo Pratama Tbk (2008);
  • Assisting Emerald Belt Group in the establishment of subsidiary companies that are engaged in coal mining and steel mining activities (2009);
  • General legal counsel to, among others, Equator Capital Ltd., PT Agranet Multicitra Siberkom (detik.com), Recapital Group, ING Investment Bank, PT Capitalink Finance, PT NC Capital, PT Recapital Advisor, PT Investindo Nusantara 
Restructuring
  • Representing HSBC Indonesia in debt restructuring in PT Eratex Djaja Tbk (2011);
  • Representing subsidiaries of PT Sampoerna Strategic in its internal restructuring process (2008-2010);
  • Representing PT Bank Andara Indonesia in conducting corporate restructuring process (2008);
  • Representing Lembaga Penjaminan Simpanan in banking restructuring system in Indonesia (2009);
  • Representing PT Kencana Gula Manis in the plantation cooperation with PT Perkebunan Nusantara X in relation to the privatization of PT Perkebunan Nusantara X in Ngadirejo, Kediri, Central java (2008);
  • Representing Stark Investments as one of the lenders in the issuance of fixed-rate structured notes due 2012 in the amount of US$135 million by IBU Finance Pte. Ltd. (2008);
Intellectual Property Rights
  • Representing several Indonesian companies in relation to various legal matters related to Intellectual Property Rights issues of numerous Indonesian companies which include among others, PT Holcim Indonesia Tbk, PT Cyberindo Aditama (CBN), PT Indosat Tbk. etc.
Memberships / Directorships
  • Licensed to practice law as an advocate by the Indonesian Bar Association (Peradi)