BNI Sekuritas Takes The Lead As Transaction Advisor For The Jasamarga Transjawa Toll Partnership

Friday, 04 Oct 2024

BNI Sekuritas is stepping up as the Lead Transaction Advisor for PT Jasa Marga (Persero) Tbk's equity funding deal. This move is all about helping Jasa Marga secure the funds it needs for future toll road developments and boosting the asset value of its subsidiary, PT Jasamarga Transjawa Tol (JTT), which manages the Trans Java Toll Road.

On September 27, 2024, Jasa Marga, PT Metro Pacific Tollways Indonesia Services (MPTIS), Warrington Investment Pte. Ltd., and PT Margautama Nusantara (MUN) officially teamed up by signing a Sales Purchase Agreement (SPA) for 35% of JTT shares, valued at around Rp15.75 trillion, including new share issuances.

This signing highlights a strong commitment to investing in toll road infrastructure, which is expected to drive national economic growth. This deal is anticipated to be one of the biggest corporate actions in Indonesia for 2024. The Trans Java Toll Road, a key route for the community, is expected to see its value rise with the addition of strategic partners. This initiative will also positively impact the quality of service for road users.

Vera Ongyono, the Acting President Director of BNI Sekuritas, emphasized that Jasa Marga's trust in them reflects the company's dedication to providing top-notch financial transaction solutions.

"Through thorough and comprehensive analysis, we believe that the success of this transaction showcases our commitment and long-term strategy in Investment Banking to support sustainable growth and our clients' business continuity. We are confident that this collaboration will bring significant benefits to all parties involved and strengthen Jasa Marga's position in the market," Vera explained.

In 2024, BNI Sekuritas has been racking up some impressive international awards in the Investment Banking scene. They snagged the The Asset Triple A Sustainable Infrastructure Awards 2024 for Renewable Energy Deal of the Year and also took home the Best Green Bond - Financial Institution at The Asset Triple A Sustainable Finance Awards 2024. On top of that, they scored two more awards at the Asian Banking & Finance Corporate & Investment Banking Awards 2024, winning in the categories of Equity Deal of the Year - Indonesia and Mergers and Acquisitions Deal of the Year – Indonesia.

Most recently, in September, BNI Sekuritas added two more accolades from the Euromoney Securities Houses Awards 2024, being recognized as the Best for Large Cap in Indonesia and Best for Research in Indonesia.



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