Indonesia Infrastructure Finance (IFF) – Transaction Legal Department – GC Powerlist
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Southeast Asia Teams 2018

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Indonesia Infrastructure Finance (IFF) – Transaction Legal Department

| Indonesia Infrastructure Finance (IFF) - Transaction Legal Department

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Indonesia Infrastructure Finance (IFF) - Transaction Legal Department

About

Established by the Indonesian government, the World Bank, Asian Development Bank, International Finance Corporation and other multilateral institutions in 2010, Indonesia Infrastructure Finance (IFF) is a private company providing infrastructure financing and advisory services focused on commercially viable infrastructure projects. The company is also developing as a major contributor to such projects in Indonesia by providing fund-based products such as long-term loan, mezzanine financing and equity investment, as well as non-fund based products such as guarantees and other services. Facilitating this development is the company’s transaction legal department – a talented team of four lawyers headed by Ine Widyayanti, vice president and head of transaction legal. In this position she manages the daily legal department function including monitoring of the legal documentation process, providing legal recommendations and maintaining relationships with regulators, stakeholders and clients. Supporting Widyayanti is assistant vice president, Siat Yu and legal manager, Alexander Zulkarnaen who secure the legal aspect of the company’s business activities in financing by conducting and managing the review and negotiations of transactions and conducting legal research. Assistant legal manager Nyiayu Kurnia Afrianti provides vital support to Yu and Zulkarnaen in various day-to-day legal assignments related to financing transactions. On the team, Widyayanti says: ‘The small team works effectively to provide full legal support to the business and plays a significant role in managing the legal aspects of the financing transactions undertaken by the company to ensure the smooth execution of the transaction‘. In the last two years, the team’s responsibility has also been expanded to support the risk department in maintaining the portfolios of the company, thus increasing the exposure of the team to complex debt restructuring for borrowers. A distinguishing feature of the team is taking part in complex PPP projects involving the private sector, the government of Indonesia and regional governments. When IFF successfully became the mandated lead arranger in establishing syndicated loan facilities for telecommunications company Len Telekomunikasi Indonesia for the amount of Rp975m in September 2016, the team structured the cash waterfall to secure the loan repayment as well as to ensure the Indonesia Infrastructure Fund Guarantee will be always in place along the life of facility. The company’s second PPP project concerned the development and operation of a mineral water supply system from Umbulan to five regencies in the country. The team again helped arrange and close a syndicated loan facility in amount of Rp1.055tn for the period of 17 years. Away from PPP projects, the team has been recognised for its first-rate work in executing a Rp500bn 15-year loan agreement as part of a syndication loan. This involved three national banks, and amounted to Rp4tn to support the development of five airports. The team was also involved in executing a US$120m term loan facility for 16.5 years for Indonesia’s first large-scale wind farm project. Summing up the achievements of her lean team, Widyayanti says: ‘Considering the load of the projects and assignments, and despite the small compact team composition, our legal team work solidly and capably to manage and ensure that transactions are closed in a timely and accurate manner’.

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