TR & Co. LEGAL BRIEF: Update on Construction Services in Indonesia
The Government of the Republic of Indonesia enacted Government Regulation Number 22 of 2020 concerning Implementing Regulation of Law Number 2 of 2017 on the Construction Services (“GR 22/2020”). such construction services area key regulation was enacted on last week of April 2020, in the early days of covid 19
TR&Co assisting FIF IDR bonds issuance
TR&Co. Represented PT Indomobil Finance Indonesia, a subsidiary of PT Indomobil Sukses Internasional Tbk, which primarily engages in automotive financial services, in connection with Bonds Offering through Second Shelf Registration Program Tranche III, with a total proceeds of Rp1,500,000,000,000.00; the company’s bonds are listed at the Indonesia Stock Exchange.
TR&Co. continuously acting as capital market legal consultant for issuance of ADIRA’s bonds
TR&Co. represented PT AdiraDinamika Multi Finance Tbk,which primarily engages in automotive financial services, in connection with Bonds Offering through Third Shelf Registration Program Tranche II, with a total proceeds of Rp832,000,000,000.00 (full commitment) and Rp668,000,000,000.00 (best effort); the company’s bonds are listed in the Indonesia Stock Exchange.
TR&Co continuously assisting FIF bonds issuance
TR&Co. represented PT Federal International Finance, a subsidiary of PT Astra International Tbk, which primarily engages in automotive financial services, in connection with Bonds Offering through Second Shelf Registration Program Tranche II, with a total proceeds of Rp1,500,000,000,000.00; the company’s bonds are listed at the Indonesia Stock Exchange.
TR&Co. acting as legal counsel to FIF in connection its bonds issuance
TR&Co. represented PT Federal International Finance, a subsidiary of PT Astra International Tbk, which primarily engages in automotive financial services, in connection with Bonds Offering through Second Shelf Registration Program Tranche I, with a total proceeds of Rp3,000,000,000,000.00; the company’s bonds are listed at the Indonesia Stock Exchange.
TR&Co continuously assisting Indomobil bonds issuance
TR&Co. represented PT Indomobil Finance Indonesia, a subsidiary of PT Indomobil Sukses InternasionalTbk, which primarily engages in automotive financial services, in connection with Bonds Offering through Second Shelf Registration Program Tranche II, with a total proceeds of Rp590,000,000,000.00; the company’s bonds are listed at the Indonesia Stock Exchange.
TR&Co. assisting FIF in issuance of bonds through first shelf registration program
TR&Co. represented PT Federal International Finance, a subsidiary of PT Astra International Tbk, which primarily engages in automotive financial services, in connection with Bonds Offering through First Shelf Registration Program Tranche I, with a total proceeds of Rp1,550,000,000,000.00; the company’s bonds are listed at the Indonesia Stock Exchange.