Assegaf Hamzah & Partners covers the full gamut of capital market matters, covering both public and private debt and equity offerings, with a particular strength in advising on the structure and implementation of Shariah-compliant financing and investment transactions. As a a part of the Rajah and Tann Asia network, the firm is able to draw upon the expertise from other Asian jurisdictions, and is otherwise noted for its strengths in the energy, natural resources, and financial sectors. Putu Suryastuti heads up this work, employing her corporate transactional expertise to IPOs, secondary offerings, private placements, and debt offerings. Ahmad Fikri Assegaf valued for the breadth of his experience, while Bono Adji and Tunggul Utomo have a greater emphasis on the natural resources, energy, telecoms, and finance industries. Mohammad Zulkarnain and Intan Paramita are highly active in this area and crucial contacts.

Ginting & Reksodiputro in association with A&O Shearman has capabilities across Indonesia, English, US federal securities law and is correspondingly able to advise multinational clients on both the international and local aspects of their cross-border deals. Covering the full range of debt and equity capital market products, the firm is able to handle conventional and Islamic financing, liability management, and restructuring exercises. Harun Reksodiputro co-leads the practice, bringing his track record in handling complex debt and equity security transactions on top of his regulatory expertise. Co-lead Daniel Ginting is similarly well-regarded for his work in this arena. Sugianto Osman has substantial experience in public offerings, bonds, and right issues, and has particular emphasis in the TMT, private equity, financial services, and natural resources sectors.

Hiswara Bunjamin & Tandjung in association with Herbert Smith Freehills has an established track record in advising foreign arrangers and underwriters in both the onshore and offshore elements of offerings and public M&A. Drawing upon the international network of Herbert Smith Freehills LLP, particularly in relation to China and Singapore, the firm is well-placed to handle these cross-jurisdictional mandates that cover the full scope of debt and equity capital markets. Tjahjadi Bunjamin, founding partner, is active and highly-experienced in this area. David Dawborn is also an important contact as a Herbert Smith Freehills LLP partner on secondment to the firm, bringing with him his longstanding reputation with global investment banks in relation to their Indonesian securities business. Viska Kharisma Fajarwati specialises in capital markets and financial services, and has particular strengths in respect of multi-jurisdictional deals relating to the banking, fintech, and manufacturing sectors.

Makes & Partners couples in-depth local law expertise with end-to-end capabilities in the capital markets arena, acting for a number of Indonesian clients in respect of a number of innovative mandates. Yozua Makes, founding and managing partner, lends his extensive experience to this practice, working alongside practice head Iwan Setiawan, who has led the team in a number of high-profile IPOs. Bernardus Billy is another key contact, acting in a number of key equity and debt capital market transactions including major re-IPO deals and global bond transactions.

ABNR Counsellors at Law can cover a wide range of work relating to domestic and offshore debt and equity offerings, working with insurers and underwriters in IPOs, secondary offerings, private placements, and debt offerings. The firm has an established capacity to handle work relating to the shipping and finance sectors, and a track record in handling cross-border mandates relating to the Indonesian market. Chandrawati Dewi heads up this work, specialising in offshore debt and equity offerings by both national and multinational clients, and is able to draw upon the capital markets expertise of other notable lawyers Rita Taufik, Theodoor Bakker, Ayik Candrawulan Gunadi, Nafis Adwani, Freddy Karyadi, and the recently promoted Maher Sasongko, who was made partner in January 2023.

Hadiputranto, Hadinoto & Partners, a member firm of Baker McKenzie advises on the full spectrum of capital markets and securities-related matters, leveraging the broad resources and reach of the Baker McKenzie LLP network to deploy experienced teams internationally. Iqbal Darmawan is the head of the capital markets practice, with substantial experience across transactional and regulatory mandates for a range of clients and encompassing a number of sectors, including IT, plantations, healthcare, mining and transportation sectors.

Hanafiah Ponggawa & Partners – Dentons HPRP has been active in IPOs to the IDX for Indonesian clients across a range of sectors, including tech, natural resources, real estate, financial services, FMCG, and healthcare. The firm also has wider capabilities both in terms of work, such as bond and structured warrant issuances, and sectors. Erwin Kurnia Winenda is the key contact for this work as the head of the firm’s offering and a highly-experienced practitioner in this field. Fabiola Hutagalung is also of note, bringing her wide ranging practice in terms of both industries and work to the firm’s capital markets clients.

Widyawan & Partners is noted as ‘a market leader in debt capital markets’, drawing on its expertise in high yield debt and medium term note programme in combination with its close association with Linklaters to provide strong regional coverage for South East Asia. Praised as ‘knowledgeable, commercially-minded and a strong, experienced hand to guide transactions from an Indonesian law perspective’, Adrian Pranata leads the team and is well-regarded for his expertise in debt capital markets.

Witara Cakra Advocates (WCA) in exclusive association with White & Case LLP Indonesia advises a range of financial institutions and corporate clients in IPOs, offerings, issuances, and relevant regulatory mandates. Through the firm’s close collaboration with White & Case LLP, the firm is well-placed to handle cross-border matters. Kristo Molina heads up the firm’s practice in this area, covering the full scope of the firm’s work in this space, working alongside Fajar Ramadhan, who has particular strengths in international bond offerings and work around debt capital markets.

Genio Atyanto & Partners covers a broad range of sectors in its capital markets offering and is noted for the complexity and novelty of the mandates it has handled in this arena. Genio Atyanto is the key contact for this work, bringing his broad expertise that encompasses a wide range of equity and debt capital market matters, such as IPOs, right issues, bond issuances, and regulatory advice, that forms a part of his wider corporate practice.

TnP Law Firm advise a range of clients across the spectrum of capital markets work, with debt and equity offerings being the firm’s primary strength in this space. Rambun Tjajo, as founding partner, co-leads on the firm’s work in this space, conducting due diligence, drafting transaction documents, negotiating on behalf of issuers and underwriters, and preparing prospectuses. Managing partner Melissa Butarbutar co-leads on this work, bringing her wider finance and corporate expertise to the firm’s capital market matters. Ken Prasadtyo is also a key contact.