Global law firm K&L Gates acted for the Republic of Indonesia in the sale of its debut euro-denominated bonds. The nation sold 1 billion euros (USD1.4 billion) of 2.875% Notes due 2021, in a drawdown under its USD25 billion Global Medium Term Note Program.
Hong Kong partner David Johnson led the K&L Gates team advising the Republic of Indonesia on the sale. Johnson was assisted by counsel Christopher Tan and associate Arjuna Chandramohan, both of the firm’s Singapore office.
Johnson commented: “With the ECB cutting its benchmark interest rates, it made sense for our client to tap the euro market and widen their investor base, as demand for the euro is likely to increase. This debut euro issuance came at a critical time for our client ahead of presidential elections held earlier this month.”
