Overview

As previously addressed in a recent edition of Indonesian Law Digest (“ILD”) titled “Offshore Borrowing: An Alternative Funding Option”, various Indonesian companies have begun to issue global bonds in order to secure offshore borrowing, as listed on the Singapore Stock Exchange (“SGX”). In terms of these activities, we concluded by advising both companies and investors to ensure that they were adequately educated and informed regarding the various risk factors that relate to each specific business sector vis-à-vis offshore borrowing activities.