Dentons HPRP, a leading law firm in Indonesia, has successfully assisted PT Integrasi Jaringan Ekosistem’s recent bonds issuance totaling to Rp600,000,000,000. The bonds, successfully listed on the Indonesian Stock Exchange (IDX) on July 5, 2024, mark a strategic move for PT Integrasi Jaringan Ekosistem (“IJE”) in financing its expansion initiatives.

IJE specializes in the installation of optical fibre cables and offers B2B internet services. The proceeds from the bonds issuance are projected for expanding IJE’s network infrastructure beyond the jurisdiction of the Directorate General of Railways (Direktorat Jenderal Perkeretaapian) and along the Jakarta-Cikampek toll road. Additionally, the funds will support operational requirements, including essential utilities such as Point of Presence (POP), Electrical Panel, Genset, Uninterruptible Power Supply (UPS), and various engineering services.

Dentons HPRP acted as legal counsel to IJE throughout the bonds issuance process, whose role encompassed close collaboration with underwriters and other professionals, liaison with regulatory bodies, preparation of transactional documents, and offering comprehensive legal advice to ensure the seamless execution of the transaction.

The achievement was made possible by Dentons HPRP’s committed capital market team, led by Partners Erwin Kurnia Winenda and Rio Febrianus Pasaribu, with Senior Associate Rafi Andiandra Wardhana, and assisted by Associates Raisha P. Diamar and Yabunaya Salsabila Yuniar.

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