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Deal Date: 02-11-2020 Practice Area: Debt Capital Markets
Deal Title: Star Energy Geothermal Issuance of Green Bonds Industry: Alternative Energy
Milbank LLP advised Credit Suisse, DBS Bank, Deutsche Bank and Barclays as joint bookrunners in connection with the dual-tranche issuance of USD1.1 billion in senior secured green bonds. The bonds were co-issued by Star Energy Geothermal Darajat II Limited and Star Energy Geothermal Salak Ltd., subsidiaries of PT Barito Pacific Tbk that were operated by Star Energy Geothermal Group, Indonesia's largest geothermal producer. The issuance was the first investment grade green project bond from the private sector in Indonesia. The multi-jurisdictional transaction included the issuance of USD320 million 3.25% guaranteed senior secured notes due 2029 and USD790 million 4.85% guaranteed senior secured notes due 2038. Both tranches were listed on the Singapore Exchange Securities Trading Limited.
Financial Center: Singapore Value: 1000.01-5000.00
Advised Party: Lead Manager Law Firm
Issuer Indonesia Issuer 2 Singapore
Classification: Green Bonds and Loans Green Bonds
Lawyer Jacqueline Chan