Cleary Gottlieb represented the Republic of Indonesia in a Rule 144A/Reg. S offering of $2 billion in debt securities. Barclays Capital, J.P. Morgan and UBS were joint lead managers in the offering.
Indonesia split the transaction between a $1 billion tranche of eleven-year bonds and a $1 billion tranche of thirty-year bonds. The thirty-year bonds were a reopening of a series of bonds issued last year, in which Cleary represented Indonesia.