First US$ issue for Indonesia’s Saka


Allen & Overy announced that it had advised BNP Paribas, Citi, UBS, HSBC, Mandiri and Mizuho Securities as joint bookrunners on Saka Energi Indonesia’s (Saka) debut 144A/Reg S Hong Kong offering of US$625 million in 4.45% senior notes due in 2024.

The deal represented energy company Saka’s first US dollar bond issue into the market. The bond offering is the first in two years by a quasi-sovereign Indonesian issuer, attracting investor demand of more than US$4 billion.

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