ABNR Advises PT Sarana Multi Infrastruktur (Persero) on IDR 3.3 Trillion Bond Offering
We are delighted to have advised PT Sarana Multi Infrastruktur (Persero) (SMI) on its IDR 3.3 trillion Obligasi Berkelanjutan V Sarana Multi Infrastruktur Tahap II Tahun 2026, issued under SMI's IDR 20 trillion Shelf Registration Public Offering V.
SMI is a state-owned infrastructure financing company under the supervision of Indonesia’s Ministry of Finance, supporting the development of infrastructure across the country.
The bonds were issued in three series with tenors of one, three, and five years. Series A has a principal amount of IDR 1.3725 trillion, bearing interest at 7.15% per annum and maturing on 23 October 2027. Series B has a principal amount of IDR 493.5 billion, bearing interest at 7.40% per annum and maturing on 13 October 2029, while Series C has a principal amount of IDR 1.434 trillion, bearing interest at 7.65% per annum and maturing on 13 October 2031. The bonds have an aggregate principal amount of IDR 3.3 trillion representing an oversubscription of 1.65 times the indicated target size.
As Indonesian legal counsel to SMI, ABNR advised on the Indonesian capital-markets aspects of the transaction, including the legal due diligence, legal opinion, transaction documentation and regulatory process before the Financial Services Authority (OJK).
The transaction further demonstrates ABNR's strong capabilities in Indonesian debt capital markets and its longstanding experience advising major Indonesian corporates and state-owned enterprises on complex capital-markets transactions.
The ABNR team was led by partners Nurdin Adiwibowo, Ayik Candrawulan Gunadi and Novario Asca Hutagalung, supported by senior associate Abdurachman Sidik Alatas, and associates Aldi Prapanca, Fauzan Permana, Atika Fajrina, Ksatria Abimanyu and Tanisha Maharani.
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NEWS DETAIL
16 Oct 2026
ABNR Advises PT Sarana Multi Infrastruktur (Persero) on IDR 3.3 Trillion Bond Offering
We are delighted to have advised PT Sarana Multi Infrastruktur (Persero) (SMI) on its IDR 3.3 trillion Obligasi Berkelanjutan V Sarana Multi Infrastruktur Tahap II Tahun 2026, issued under SMI's IDR 20 trillion Shelf Registration Public Offering V.
SMI is a state-owned infrastructure financing company under the supervision of Indonesia’s Ministry of Finance, supporting the development of infrastructure across the country.
The bonds were issued in three series with tenors of one, three, and five years. Series A has a principal amount of IDR 1.3725 trillion, bearing interest at 7.15% per annum and maturing on 23 October 2027. Series B has a principal amount of IDR 493.5 billion, bearing interest at 7.40% per annum and maturing on 13 October 2029, while Series C has a principal amount of IDR 1.434 trillion, bearing interest at 7.65% per annum and maturing on 13 October 2031. The bonds have an aggregate principal amount of IDR 3.3 trillion representing an oversubscription of 1.65 times the indicated target size.
As Indonesian legal counsel to SMI, ABNR advised on the Indonesian capital-markets aspects of the transaction, including the legal due diligence, legal opinion, transaction documentation and regulatory process before the Financial Services Authority (OJK).
The transaction further demonstrates ABNR's strong capabilities in Indonesian debt capital markets and its longstanding experience advising major Indonesian corporates and state-owned enterprises on complex capital-markets transactions.
The ABNR team was led by partners Nurdin Adiwibowo, Ayik Candrawulan Gunadi and Novario Asca Hutagalung, supported by senior associate Abdurachman Sidik Alatas, and associates Aldi Prapanca, Fauzan Permana, Atika Fajrina, Ksatria Abimanyu and Tanisha Maharani.