Tumbuan & Partners (“T&P”) had the honour of assisting PT POS Indonesia Persero (POS) in their Bonds issuance offering by the name “Obligasi I Pos Indonesia Tahun 2022” with a targeted funds of up to IDR500,000,000,000. The funds raised will be used for working capital in the context of the POS’s daily business activities and capital expenditure in the form of business process digitalization.
POS is widely renowned as an Indonesian state-owned company (BUMN) engaged in postal services. POS has been appointed by the Indonesia Government to be the national logistics platform for its wide and comprehensive network that spreads throughout Indonesia.
The Bond Listing Ceremony of POS was successfully held on 29 December 2022 at Indonesia Stock Exchange (“IDX”).
T&P team was led by our partners, Jennifer B. Tumbuan and Veronica Sylfani, senior associate, Mada Herpadma Kusumasidarta with the full support of other members of T&P. We are especially proud to represented POS in conducting a legal due diligence and in drafting the relevant transaction documents as required by the Indonesia Financial Service Authority (OJK) and IDX.
We would like to take this opportunity to congratulate all of the participants involved on a job well done.
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