Capital Markets
Overview
As a full-service firm, we do a broad range of transactions covering the entire spectrum. Many are high profile, and cement our position as a top-tier firm, such as global equity offerings in reliance on Reg. S/Rule 144A, quite a few of which have involved the privatisation of state enterprises. In addition, we do private placements, rights issues and other share-related offerings such as convertible and exchangeable bonds.
We also frequently advise on foreign offerings by issuers having significant interests in Indonesia, as well as bond issuances, again under global offering rules, mergers, acquisitions, combinations of acquisitions and IPOs, consent solicitations and exchange offers of debt instruments listed on the Indonesia Stock Exchange or offshore.
Our lawyers are widely recognised for being client-orientated and business-friendly, and are noted for their responsiveness and quick turn-around times – something that has allowed us to win some of the biggest capital market representations of 2010/2011. We consistently position the client at the center of our work, treating their problems as our own, and in doing so have also successfully built up a very strong general advisory and retainer client base in this practice.
By working hand-in-hand with our clients, we have garnered a wealth of experience and a deep understanding of capital market and business dynamics across a wide range of sectors, including the aviation, communications, energy, oil and gas and financial services industries.
Experience highlights:
- Representing four international banks acting as the Initial Purchasers in an offering of 7.00% Senior Notes due 2018 by Indo Energy Finance B.V. with a total nominal value of US$300,000,000. The issuer is a wholly-owned subsidiary of leading coal miner PT Indika Energy Tbk.
- Advising Garuda Indonesia in its USD 382.8 million global offering of 6,335,738,000 shares in reliance on Rule 144A/Reg. S, a mandate that helped cement AHP’s dominance in high-profile privatisations.
- Representing the standby buyers and global bookrunners on the USD 11 billion Bank Mandiri Rights Issue of 2010, which was Indonesia’s second biggest rights issue of that year.
- Counsel to PT Indosat Tbk, one of Indonesia’s largest telcos, in its issuance of USD 650,000,000 7.375% Guaranteed Senior Notes due 29 July 2020, which marked one of the country’s biggest debt issuances of 2010.
- Representing Berau Capital Resources Pte. Ltd. and PT Berau Coal Energy Tbk in the issuance of US$350 million 12.5% Guaranteed Senior Secured Notes Due 2015 by Berau Capital Resources Pte. Ltd., guaranteed by PT Berau Coal Energy Tbk.
What they say about us
We are both very proud and flattered to have been recently named by Asian-MENA Counsel as In-House Community Firm of the Year in Indonesia for capital markets, an award that we feel reflects a great deal of hard work on the part of all of our partners and associates over the years, as well as our continuing rapid expansion and ascent through the ranks of the Jakarta legal community.
We are also listed as a “Tier 1” firm for Capital Markets: Debt and Equity by IFLR1000, “Tier 1” for Capital Markets by The Legal 500 Asia-Pacific, and “Band 1” for Capital Markets by Chambers Asia-Pacific. In client feedback collected by Chambers Asia-Pacific, Ahmad Fikri Assegaf is praised for “his commitment to going above and beyond the call of duty” which “has consistently resulted in clients obtaining outcomes that exceed expectations“. Meanwhile, Bono Adji is commended for “his proficiency in navigating complexities shines through and he approaches each challenge with a strategic mindset.“
Related Links
Recognition
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Band 1 - Capital MarketsChambers Asia-Pacific (2024)
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Band 1 - Banking & Finance (Domestic)Tier 1 – Capital Markets: Debt
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Tier 1 - Capital Markets: EquityIFLR 1000 (2024)
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Outstanding - Capital Marketsasialaw (2024)
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"They have strong comprehension of the law and provide solutions while navigating the complexity of the matters."Chambers Asia-Pacific (2024)
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"Assegaf Hamzah Partners are able to provide appropriate advice not only for current conditions but also for adaptation to future regulatory environments."Chambers Asia-Pacific (2024)
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"Assegaf Hamzah & Partners understanding of the matters is good, and they are able to provide solutions to the problem.”Chambers Asia-Pacific (2023)
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“Assegaf Hamzah & Partners is a solid firm and a reliable name in the market.”Chambers Asia-Pacific (2023)
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"Assegaf Hamzah & Partners offers a full suite of legal services for capital markets, including advising on convertible and exchangeable bonds, IPOs and private placements in Indonesia. Additionally adept at advising on Shari'a-compliant sovereign debt issuances."Chambers Asia-Pacific (2022)
"Assegaf Hamzah & Partners offers a full suite of legal services for capital markets, including advising on convertible and exchangeable bonds, IPOs and private placements in Indonesia. Additionally adept at advising on Shari'a-compliant sovereign debt issuances."
Our Capital Markets Team
