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The ‚Äėresponsive and timely‚Äô team at Assegaf Hamzah & Partners makes up one of the ‚Äėbest Indonesian capital markets‚Äô practices. Headed by Bono Adji, the group is instructed by domestic corporates, such as Garuda Indonesia, and large international institutions including HSBC and Citibank, and has also been involved in some of Indonesia‚Äôs largest state enterprise privatisations and sovereign debt issuances. Ahmad Fikri Assegaf is another key partner.

The capital markets practice at Ginting & Reksodiputro in association with Allen & Overy is led by Harun Reksodiputro. His team was recently instructed by the Republic of Indonesia to advise on an update to the country’s global MTN programme. Daniel Ginting is also a key contact.

Hadiputranto, Hadinoto & Partners, a member firm of Baker McKenzie fields a large team that has strong relationships with Indonesian regulators. The group was instructed by a consortium of banks as joint bookrunners on a $1.5bn rights offering by Hanjaya Mandala Sampoerna ‚Äď the second largest Indonesian equity offering to date. Iqbal Darmawan and Indah Respati are key contacts. Former practice head Rambun Tjajo left the firm and is now involved in government affairs.

At Hiswara Bunjamin & Tandjung in association with Herbert Smith Freehills, partners Tjahjadi Bunjamin and David Dawborn act for leading financial investment institutions such as Goldman Sachs, Morgan Stanley and J.P.Morgan in their capacities as both arrangers and underwriters. Adrian Pranata joined Widyawan & Partners while Kristo Molina moved to White & Case in exclusive association with Witara Cakra Advocates (WCA).

Makes & Partners has remained active, assisting Indonesian corporates with IPOs and various equity securities offerings. Yozua Makes and Iwan Setiawan led a team that advised Mitra Keluarga Karyasehat on its highly regulated $344m flotation.

Melli Darsa & Co.’s record of handling international market transactions, coupled with the team’s domestic experience, has won it household name clients such as Deutsche Bank and Bank of America Merrill Lynch. Melli Darsa heads the practice group, which assisted Bumi Serpong Damai with a $225m global bonds issuance.

At Ali Budiardjo, Nugroho, Reksodiputro, Ayik Candrawulan Gunadi led a team (including senior associate Elsie Hakim) that acted as counsel to the joint lead managers on the high-profile issuance of Indonesia’s $40bn GMT note programme.

Kurniawan Tanzil leads the banking and finance group at Makarim & Taira S.. Department co-head Maria Sagrado was instructed by three of Indonesia’s largest banks to finalise a $395m loan facility between the banks and Indonesia’s largest steel manufacturer. Ratna Iskandar retired.

SSEK Legal Consultants specialises in capital markets compliance relating to M&A and foreign ownership in Indonesian corporates. Ira Eddymurthy heads the practice, and Michael Carl advised Louis Dreyfus Commodities Indonesia on compliance with Indonesia’s mandatory divestment requirements.

Working for clients in a variety of sectors, Rahmat Soemadipradja’s group at Soemadipradja & Taher advises on IPOs as well as rights and bond issuances. The team has acted for clients such as Deloitte and Bank Muamalat Indonesia.

Hanafiah Ponggawa & Partners’ capital markets practice is headed by Erwin Kurnia Winenda, who was instructed by Permodalan Nasional Madani as the issuer in a multi-stage $49m MTN issuance. Al Hakim Hanafiah is another key contact.

Linda Widyati and Arisia Pusponegoro lead the team at Linda Widyati & Partners in association with Clifford Chance, which provides advice on both debt and equity offerings, in addition to a number of other capital markets matters. Aided by Clifford Chance’s Middle East practice, the firm also advises on the issuance of shari’ah-compliant securities.

With the ability to act for international as well as domestic clients, Lubis Ganie Surowidjojo has extensive experience handling various rights issuances and IPOs. Founding partner Arief Tarunakarya Surowidjojo specialises in all areas of capital markets, and has acted for the government of the Republic of Indonesia and HSBC.

Miranti Malikus-Ramadhani and Ariani Nugraha are key partners in Mochtar Karuwin Komar’s capital markets practice, which advises domestic and foreign companies on regulatory compliance. The team also handles matters involving public transactions.

Oentoeng Suria & Partners advises domestic clients on a variety of equity capital market transactions. Atik Susanto jointly heads the practice with Ratih (Ipop) Nawangsari, the latter of whom is working with Bank Indonesia on the preparation of a standard local law local language master agreement for participants in Indonesia’s derivatives market.

Arie Armand leads the capital markets practice at Armand Yapsunto Muharamsyah & Partners, and specialises in derivatives, joint ventures and foreign investment matters.

Wahyuni Bahar leads the practice at Bahar & Partners, which includes Cylvie Nuraini. The group is experienced in a wide range of matters, from conventional and Islamic bonds issuance to public offerings and major securities transactions.

At Budiarto Law Partnership, Widjojo Budiarto and Anindia Kusuma were instructed by Sejahteraraya Anugrahjaya, a prominent Indonesian hospital operator, in a high-value rights issuance. The team is also advising Sillo Maritime Perdana with regards to the company’s IPO.

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