The Republic of Indonesia turns to A&O Shearman for guidance on its SEC-registered dual-currency bond offering

The offering included EUR750 million of 3.650% Bonds due 2032, USD1.15 billion of 4.750% Bonds due 2034 and USD650m of 5.150% Bonds due 2054. The Republic plans to use the net proceeds from the sale of the 2034 and 2054 Bonds for general government purposes. Additionally, an amount equal to the net proceeds from the 2032 Bonds will be allocated to fund eligible expenditures under the Sustainable Development Goals (SDGs) Securities Framework, aimed at supporting environmental and social initiatives as part of the Republic’s commitment to achieving its 2030 SDG targets.

The A&O Shearman team was led by partners Felipe Duque and Harun Reksodiputro and included associates Richele Suwita, Sean Cao and Darian Amarta. Aloysius Tan, partner and Nick Yap associate acted as SGX listing agent.