Skip to main content

Linklaters and Hadiputranto, Hadinoto & Partners (HHP), the Indonesian member firm of Baker McKenzie, have advised BNP Paribas and ADM Capital as the arrangers of a $95 million corporate sustainability bond, the first of its kind in Asia. 

The bond will finance a sustainable natural rubber plantation on heavily degraded land in two provinces in Indonesia. It was arranged by BNP and issued by Tropical Landscapes Finance Facility (TLFF), with the proceeds financing PT Royal Lestari Utama (RLU) and its subsidiaries. 

RLU is an Indonesian joint venture between France’s Michelin and PT Satria Cemerlang. It was represented by Assegaf Hamzah & Partners. Meanwhile, the HHP team was led by Norman Bissett.

The loan to RLU will be managed by ADM Capital and is partially guaranteed by the U.S. Agency for International Development.  The project also involves a collaboration with the World Wildlife Fund.

 

To contact the editorial team, please email ALBEditor@thomsonreuters.com.

Related Articles

Deals

Khaitan, JSA, Hogan Lovells guide $515 mln Waaree IPO

by Nimitt Dixit |

Khaitan & Co has advised Waaree Energies, India's largest manufacturer and exporter of solar modules, on its $515 million initial public offering, with JSA Advocates & Solicitors and Hogan Lovells guiding the bookrunning lead managers.

Deals

CAM, Khaitan guide Adani-backed Renew Exim’s $380 mln ITD acquisition

by Nimitt Dixit |

Cyril Amarchand Mangaldas has advised Adani Group's Dubai-based firm Renew Exim DMCC on its acquisition of a 46.64 percent stake in ITD Cementation India for around $380 million from Italian-Thai Development Public Company, who was represented by Khaitan & Co.

Deals

CAM, AZB, SAM, Latham advise on landmark $1.3 bln Swiggy IPO

by Nimitt Dixit |

Cyril Amarchand Mangaldas is advising SoftBank-backed Indian food and grocery delivery giant Swiggy on its much-anticipated initial public offering worth $1.3 billion, with AZB & Partners and Latham & Watkins advising the bookrunning lead managers.