Girindra

Girindra

 

Girindra joined Assegaf Hamzah & Partners in April 2016, having earlier spend his legal career in two prominent Indonesian law firms for total 4 years of experiences. He graduated with a law degree from the University of Gadjah Mada in 2011.

 

He is a member of our capital market team with a keen interest in assisting the capital market practice group particularly in debt capital market transactions. At the early stage of his career, he was involved in  several capital market transactions, and various general corporate foreign direct investment as well as various advisory in general corporate matters. Later on while he was working his way up, he was more focussed on doing capital market transactions. He mostly handled debt capital transactions market such as high yield debt issuance transactions and domestic bonds issuance.  

 

Qualifications

 

Equity and Debt Capital Market.

 

Experiences

 

Girindra has focused on the capital market transactions. Over the few years, Girindra has been involved in a number of significant projects, including represented Citigroup Global Markets and Standard Chartered Bank in senior secured notes issuance under Rule 144A United States Securities Act by PT Indika Energy Tbk and similar notes issuance by PT Medco Energi International Tbk and PT Alam Sutera Realty Tbk, domestic shelf-registered bonds offering of PT Medco Energi International Tbk, PT Japfa Comfeed Indonesia Tbk and PT Chandra Asri Petrochemical Tbk, initial public offering of PT Nusantara Pelabuhan Handal Tbk and PT Kino Indonesia Tbk, rights issue of PT Chandra Asri Petrochemical Tbk.

 

He has extensive experience and knowledge in the domestic capital market transactions both equity and debt transactions as well as high yield bonds offering transaction representing the issuer and the underwriters in conducting due diligence and reviewing the transaction documents.  

 

Memberships / Directorships

 

A member of the Indonesian Bar Association (Peradi)

 

Transaction Experiences

 

Equity Capital Market Transactions:

 

·         Acted as independent Indonesian legal counsel to PT Chandra Asri Petrochemical Tbk in connection with its IDR 5 trillion Increase of Capital with Pre-emptive Rights through a Rights Offering Mechanism. The securities were also offered outside Indonesia in reliance to Rule 144A and Regulation S of the United States Securities Act (August 2017).

·         Represented PT Nusantara Pelabuhan Handal Tbk in the Initial Public Offering of PT Nusantara Pelabuhan Handal Tbk listed in the Indonesian Stock Exchange. The IPO raised IDR 308 billion (March 2017).

·         Represented PT Japfa Comfeed Indonesia Tbk (JCI) and Japfa Ltd in (i) issuance of 750.000.000 new shares without pre-emptive rights by JCI (representing 6,57%) with nominal price of IDR935,6 per shares, whereby all the issued shares has been subscribed by KKR Jade Investments Pte. Ltd., and (ii) selling of 441.664.650 Japfa Ltd’s shares in JCI (representing 3,87%) with nominal price of IDR850 per shares to KKR Jade Investments Pte. Ltd (June 2016).

·         Represented PT Duta Intidaya (the exclusive licensee of Watsons brand in Indonesia) in the initial public offering of shares with a value of IDR 86 billion, listed in the Indonesian Stock Exchange (June 2016).

·         Acted as independent Indonesian legal counsel to Joint Lead Underwriter in the initial public offering of shares of PT Kino Indonesia Tbk. The IPO raised IDR 868 billion listed in the Indonesia Stock Exchange and offered outside Indonesia in reliance to Rule 144A and Regulation S of the United States Securities Act (December 2015).

·         Represented PT Indomobil Multi Jasa Tbk in its Initial Public Offering of shares listed in the Indonesian Stock Exchange. The IPO raised IDR 225 billion (December 2013).

·         Represented PT Exploitasi Energy Indonesa Tbk in connection with its IDR 2,3 billion Increase of Capital with Pre-emptive Rights through a Rights Offering Mechanism (December 2012).

 

Debt Capital MarketTransactions:

 

·         Acted as independent Indonesian legal counsel to PT Pelabuhan Indonesia III (Persero) as the Issuer in the issuance of US$ 500,000,000 Senior Notes, due 2023, with a coupon of 4.50% (under Rule 144A and Regulation S of the United States Securities Act).   The notes is listed in Singapore Stock Exchange (May 2018).

·         Acted as independent Indonesian legal counsel to geothermal energy producer Star Energy Geothermal (Wayang Windu) Limited on the issuance of USD 580,000,000 6.750% Senior Secured Notes due 2033, for listing on Singapore Stock Exchange (April 2018).

·         Represented PT Medco Energi Internasional Tbk in the issuance of the Shelf-Registered IDR Bonds III Tranche I of PT Medco Energi Internasional Tbk listed in the Indonesian Stock Exchange. The bonds raised IDR 500 billion for the first trench (March 2018).

·         Acted as independent Indonesian legal counsel to PT Medco Energi Internasional Tbk as the Parent Guarantor in the issuance of US$ 500,000,000 Senior Notes, due 2025, with a coupon of 6.750% (under Rule 144A and Regulation S of the United States Securities Act).   The notes was issued by Medco Platinum Road Pte. Ltd, unconditionally and irrevocably guaranteed by PT Medco Energi Internasional Tbk and listed in Singapore Stock Exchange (January 2018).

·         Acted as independent Indonesian legal counsel to Citigroup Global Markets and Standard Chartered Bank as the Initial Purchaser in the issuance of US$ 575,000,000 Senior Notes, due 2024, with a coupon of 5.875% (under Rule 144A and Regulation S of the United States Securities Act).   The notes was issued by Indika Energy Capital III Pte. Ltd, unconditionally and irrevocably guaranteed by PT Indika Energy Tbk and listed in Singapore Stock Exchange (November 2017).

·         Acted as independent Indonesian legal counsel to PT Chandra Asri Petrochemical Tbk as the Issuer in the issuance of US$ 300,000,000 Senior Notes, due 2024, with a coupon of 4.95% (under Rule 144A and Regulation S of the United States Securities Act).   The notes were unconditionally and irrevocably guaranteed by the subsidiary guarantors and listed in Singapore Stock Exchange (October 2017).

·         Acted as independent Indonesian legal counsel to Citigroup Global Markets, UBS AG and Standard Chartered Bank as the Initial Purchaser in the issuance of US$ 265,000,000 Senior Notes, due 2022, with a coupon of 6.375% (under Rule 144A and Regulation S of the United States Securities Act).   The notes was issued by Indika Energy Finance II B.V, unconditionally and irrevocably guaranteed by PT Indika Energy Tbk and listed in Singapore Stock Exchange (April 2017).

·         Represented PT Japfa Comfeed Indonesia Tbk in relation to the second trench of shelf offering of notes with a value amounting to IDR 1 trillion (April 2017).

·         Acted as independent Indonesian legal counsel to PT Japfa Comfeed Indonesia Tbk in the issuance of US$150,000,000 5.5% Guaranteed Senior Notes due 2022 and guaranteed by certain subsidiaries offered outside Republic of Indonesia in reliance of Regulation S of United States Securities Act (March 2017).

·         Represented PT Japfa Comfeed Indonesia Tbk in relation to the first trench of shelf offering of notes with a value amounting to IDR 1 trillion (November 2016).

·         Acted as independent Indonesian legal counsel to PT Alam Sutera Realty Tbk in the issuance of US$245,000,000 6.625% Guaranteed Senior Notes due 2022 and guaranteed by certain subsidiaries offered outside Republic of Indonesia in reliance of Regulation S of United States Securities Act (October 2016).

·         Represented PT Bank Tabungan Pensiunan Nasional Tbk in relation to the shelf offering of notes with a value amounting to IDR 1 trillion for the first trench (June 2016).

·         Represented PT Medco Energi Internasional Tbk in the issuance of the Shelf-Registered IDR Bonds II Tranche I – VI of PT Medco Energi Internasional Tbk listed in the Indonesian Stock Exchange. The bonds raised IDR 5 trillion (June 2016 – September 2017).

·         Represented PT Bumi Serpong Damai Tbk in relation to the shelf offering of notes with a value amounting to IDR 1,5 trillion for the first trench (May 2016).

·         Represented PT Indomobil Wahana Trada in relation to the bond issuance with a value amounting to IDR 700 billion (May 2012).

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