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Clifford Chance advises Government of Indonesia on issuance of JPY100 billion samurai bonds

30 September 2015

Clifford Chance advises Government of Indonesia on issuance of JPY100 billion samurai bonds

Leading international law firm Clifford Chance has advised the Government of Indonesia on its issuance of approximately JPY100 billion (US$799 million) samurai bonds, one tranche guaranteed by JBIC and two tranches nonguaranteed. This was the first nonguaranteed samurai bond issued by the Government of Indonesia in over 30 years.

Partners Reiko Sakimura and Eiichi Kanda led on the transaction and were assisted by associate Yu Nimura. They were also supported by a team from Clifford Chance's associated law firm in Indonesia, Linda Widyati & Partners (LWP), which included partner Arisia Pusponegoro, senior foreign counsel Jeroen Koster and associates Tiara Yara and Dinasti Brian Harahap.

"We were very pleased to advise on this historic transaction which garnered high investor and media interest," said Reiko. "Our first rate team from Tokyo and LWP was able to address the various complex issues to ensure a successful issuance."

Clifford Chance maintains a market-leading position in capital markets as it continues to advise on groundbreaking deals including on Singapore's first covered bond, the first offshore US dollar sukuk issued by an Indonesian corporate and advising the Bank of China on its multibillion four currency bond issuance.