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HPRP Deals

HPRP Successfully Assisted PT Marga Lingkar Jakarta in its Bonds Issuance

November 16, 2017

HPRP, an Indonesian law firm engaged in transnational transactions, has successfully assisted PT Marga Lingkar Jakarta (“MLJ”) as a legal consultant in a bonds issuance valued IDR 1.5 trillion. The bonds were listed by the Indonesian Stock Exchange (IDX) on November 9th 2017. MLJ will redeem the bond from the revenue from the Jakarta Outer Ring Road (JORR) W2 7.7km toll-road which has been fully operational since 2014.

MLJ is a subsidiary of PT Jasa Marga (Persero), Tbk. (“Jasa Marga”), a state-owned company which is engaged in planning, building, operating and maintaining toll roads.

Previously, HPRP’s Capital Market team, led by Partner Erwin Kurnia Winenda, successfully acted as a capital market legal advisor for Jasa Marga, providing extensive legal advisory in accordance with capital market regulations, the OJK regulations, and the standards for capital market transactions. HPRP, an Indonesian law firm engaged in transnational transactions, also assisted the company in developing all relevant documents needed, including agreements and other supporting documents, as well as organizing the transaction.

Capital market group of HPRP, an Indonesian law firm engaged in transnational transactions, has been successfully assisting in many financial transactions, both local and international. Please contact erwin.winenda@hplaw.co.id or hplaw@hplaw.co.id for further details.