Assegaf Hamzah & Partners has a wealth of experience with initial public offerings, demonstrating particularly strength in the energy, retail, mining and technology sectors. The capital markets department, which is under the supervision of Putu Suryastuti, is noted for its capabilities in both traditional and sharia compliant financial transactions. Suryasuti is adept at advising on bond issuances, de-SPAC transactions and IPO structuring. Ahmad Fikri Assegaf is a key name for clients in the renewable energy space, where he regularly assists with the creation of bespoke settlement mechanisms and revenue diversification. Mohammad Renaldi Zulkarnain is considered an authority in sukuk tranches. Bono Daru Adji  left the firm this year.

Ginting & Reksodiputro in association with A&O Shearman is known for 'providing practical, strategic solutions’ to a variety of capital markets issues. The practice has achieved renown for its advice concerning local bond issuances, multi jurisdictional IPOs and Sharia compliant sukuk issuances. The team, which is led by Andrew Mohammad, has considerable experience acting in the mining, banking and manufacturing sectors. Mohammad ‘brings a strong combination of technical expertise and commercial acumen’ and frequently acts as an underwriter in prominent stock exchange listings. Nadya Renatta delivers ‘high-quality work under tight timelines.’ Harun Reksodiputro is a name to note for foreign currency bond issuances.

 Tjahjadi Bunjamin,  Viska Kharisma Fajarwati and David Dawborn jointly lead the strong capital markets practice at Hiswara Bunjamin & Tandjung in association with Herbert Smith Freehills Kramer, which is hailed by clients as being one of ‘the best in the market’. The team is a recognised authority on matters concerning initial public offerings, regularly advising clients across the banking, telecommunications and manufacturing sectors. Bunjamin continues to advise prominent international banks on senior secured notes issuances. Dandy Firmansyah is ‘amazing’, and impresses in regulatory mandates, IPO structuring and due dilligence matters.

ABNR Counsellors at Law maintains a strong position in the Indonesian capital markets market, offering a wealth of experience in sukuk issuances, initial public offerings and Islamic finance transactions. Chandrawati Dewi leads a team which is well versed in mandates involving the finance, manufacturing, real estate and technology sectors. Dewi is well equipped to conduct prospectus reviews for IPOs, due diligence and bond transaction agreements. Emir Nurmansyah is noted for his capabilities in bond issuances, debt to equity conversions and issued shares subscriptions. Nurdin Adiwibowo and Ammalia Putri bring additional strength to the practice.

The capital markets team at Hanafiah Ponggawa & Partners – Dentons HPRP is known for its ‘professionalism and dedication’ by clients in the manufacturing, energy and banking sectors. Erwin Kurnia Winenda leads the team and demonstrates a ‘strong grasp of financial sector regulations’ and strength in both domestic and international bond issuances, as well as regulatory due diligence. Rio Pasaribu frequently advises on initial public offerings and assists clients in liaising with financial services regulatory authorities. Rafi Wardhana is a standout associate in the practice.

In Jakarta, TnP Law Firm offers a broad capital markets practice, with expertise spanning bond issuances, debt-to-equity conversions, sukuk transactions and equity divestitures. Rambun Tjajo is noted for his expertise in energy and mining mandates, demonstrating proficiency in rights issuances, regulatory compliance matters, and financial transactions in accordance with sharia law. Ken Prasadtyo stands out for his work in shelf registered bonds and debt securities transactions, with particular activity in the telecommunications, infrastructure and mineral sectors. Tjajo and Prasadtyo lead the team alongside well respected partners, Frans Sihasale and Melissa Butarbutar.

Ahmad Zakaria spearheads the capital markets practice at UMBRA – Strategic Legal Solutions, which impresses clients with ‘its attention to detail, strategic thinking, and ability to translate legal complexity into clear, actionable advice’. The team acts across for both domestic and international clients in the construction, mineral trading, telecommunications and financial services sectors. Zakaria, acts for several international banks and is highly proficient in sukuk transactions, bond issuances, and high value IPOs. Christopher Ruminsar is a name to note for complex regulatory mandates.

HHP Law Firm boasts a full service capital markets offering, advising domestic corporations, international clients and government authorities across a wide array of financial transactions. The team's broad expertise spans financial services regulatory compliance, sukuk issuances to constructing mandatory tender offers, and IPO registration matters. Department head, Iqbal Darmawan is hailed by clients as an ‘experienced and commercially minded lawyer’ who is equipped to advise clients on the full range of capital markets transactions.

The ‘knowledgeable and experienced’ capital markets team at Widyawan & Partners represents South East Asian financial institutions, international investment banking corporations and foreign banks. The practice, which is spearheaded by Adrian Pranata, is particularly impressive in derivative transactions, regulatory advice and exchangeable bond issuances. Pranata is renowned for his multijurisdictional expertise and is well versed in senior unsecured notes issuances. Putri Meisita Kusuma brings additional expertise to the team.