We are pleased to announce our successful representation of Bank Muamalat as Mandated Lead Arranger in an IDR 2.5 trillion syndicated hybrid-financing transaction. This milestone underscores our firm’s expertise in banking and Sharia-compliant financing, as well as our commitment to delivering top-tier legal services.
The transaction involves a consortium of both Islamic and conventional banks. The facility provided by the participants aims to support PT INKA (Persero)’s working capital for the procurement of 612 new generation stainless steel train sets for PT KAI’s 2023-2026 Replacement Program. PT INKA (Persero) is a state-owned enterprise and the first integrated train manufacturer in Southeast Asia. The deal required careful navigation of Sharia principles, showcasing our proficiency in the intricacies of Islamic finance while coordinating with conventional banks.
Our team’s dedication and deep understanding of Sharia-compliant finance were instrumental in handling this transaction. The seamless signing process underscores our capability to manage complex transactions efficiently. This achievement reinforces our reputation as a trusted advisor in Islamic banking and finance, and complex syndicated transactions. The firm remains committed to delivering exceptional legal services and innovative solutions to our clients.
You can find out more about the transaction in the following articles (in Indonesian language):
- https://keuangan.kontan.co.id/news/bank-muamalat-pimpin-pembiayaan-sindikasi-rp-25-triliun-ke-pt-inka
- https://www.cnbcindonesia.com/market/20231107114127-17-486988/bank-muamalat-cs-salurkan-rp-25-t-ke-inka-buat-beli-kereta
- https://wartaekonomi.co.id/read519464/mantap-bank-muamalat-komandoi-pembiayaan-sindikasi-rp25-triliun-ke-pt-industri-kereta-api-inka
