Defina advises underwriters and issuers on a wide range of international debt capital market transactions, including standalone offerings, programme establishment and liability management exercises under Rule 144A and Regulation S, in both the investment-grade and high-yield spaces.
She also advises national and international investment banks, funds and other financial institutions on financial services regulatory (FSR) issues in Indonesia.
Defina has advised:<read more
Defina advises underwriters and issuers on a wide range of international debt capital market transactions, including standalone offerings, programme establishment and liability management exercises under Rule 144A and Regulation S, in both the investment-grade and high-yield spaces.
She also advises national and international investment banks, funds and other financial institutions on financial services regulatory (FSR) issues in Indonesia.
Defina has advised:
- Pertamina Hulu Energi: advising on the establishment of its US$4 billion GMTN program and inaugural drawdown of US$1 billion Regulation S and Rule 144A notes thereunder (acted for Citigroup, Deutsche Bank, HSBC, Mandiri Securities and MUFG as joint lead managers and dealers) – the first Indonesian GMTN program since 2020
- Bank Mandiri: advising on the issuance of US$800 million Regulation S notes under its existing US$4 billion Euro Medium-Term Note Programme (acted for HSBC, JP Morgan, Mandiri Securities and MUFG as joint lead managers and dealers)
- The Republic of Indonesia: advising on the issuance of US$2.05 billion triple-tranche shelf offering registered with the Securities Exchange Commission (acted for the Republic as issuer)
- The Republic of Indonesia: advising on the tender offer of its existing global bonds with an aggregate principal amount of US$10.5 billion and the issuance of US$1.25 billion and €500 million triple tranche dual-currency shelf offering registered with the Securities Exchange Commission (acted for BofA, Citigroup, Crédit Agricole, HSBC and UBS, as dealer managers and underwriters) – the Republic of Indonesia’s first tender offer and sustainable-goals development bond
- Star Energy Geothermal Salak, Ltd. and Star Energy Geothermal Darajat II Limited: advising in connection with the issuance of their Regulation S and Rule 144A US$320 million and US$790 million double tranche guaranteed senior secured notes (acted for Barclays, Credit Suisse, DBS and Deutsche Bank, as Initial Purchasers) – the first investment grade corporate green bonds to be issued out of Indonesia
- Perusahaan Listrik Negara: advising on the establishment and upsize of its US$15 billion GMTN program and drawdowns thereunder (acted for joint lead managers and dealers appointed from time to time)
- Wijaya Karya (Persero) Tbk: advising on the issuance of the Rp5,400 billion Reg S and Rule 144A global notes offering (Komodo Bond) listed on the Singapore Stock Exchange and London International Securities Market (acted for Wijaya Karya Tbk) – the largest Komodo Bond issue out of Indonesia at the time
- Paiton Energy: advising on the issuance of US$2.0 billion senior guaranteed secured notes (acted for HSBC and Barclays, as initial purchasers) – the first public project bond transaction to be sold in the market since before 2000
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