Sourcing - Supporting Consultant for Restructur

Open Sourcing |Publish: 27 September 2022, 11:50 AM

EPROC-IBS/2022/09/SO/0247
Category : OTHERS
Subcategory : OTHERS
Status: Closed
Start Date : 27/09/2022 11:50 AM
End Date : 29/09/2022 12:00 PM

PT Garuda Indonesia (Persero) Tbk (“Garuda”) provides an opportunity for Companies to be participated as Restructur Supporting Consultant with general qualifications as follows :

 

TRUSTEE AND DELEGATE FOR NEW NOTES AND NEW SUKUKS

Qualifications

Needs account set up with the clearing systems and be accepted by the clearing systems to make payments and notifications; be accredited with the clearing system to be able to hold global notes for them

 

Scope of Work

  • Enter into trust documentation with the issuer and monitoring covenants thereunder
  • Facilitate payment between issuer and holder
  • Act as registrar and transfer agent to record holdings in the global note
  • Delivery of notes and sukuks to the creditors as settlement agent
  • Holding sukuk and global notes, act as paying agent, agent registrar, transfer agent and depository and settlement agent
  • Account opening on clearing systems and responsible to create deposits on notes, send notes and interest to all eligible beneficiaries

 

TRUSTEE FOR UNWANTED NEW EQUITY AND NEW NOTES

Qualifications

Needs account set up with the clearing systems for holding the New Notes / Sukuks and local Indonesian accounts for holding the New Equity; needs to be able to distribute proceeds.

 

Scope of Work

  • Hold the new equity and new notes for all creditors who are entitled to the notes but can’t hold the equity/notes directly due to legal implications and/or regulatory reasons
  • Trustee will keep equity and new notes under 2 English Law Trust, which facilitating the equity and notes sales, and proceeds distribution on a pro rata basis to relevant creditors
  • Engage a selling agent to make the sale effective within 180 days and after the sale is complete, the trustee will dissolve
  • Distribute the proceeds of equity and notes to creditors who can’t hold equity/notes

 

SGX LISTING AGENT

Qualifications

Must have access to the SGX RegCo Submission System

 

Scope of Work

  • Acting as Listing Agent New Notes that will be listing in Singapore
  • provide advice and insight regarding the listing process on SG
  • prepare a listing application and needed documents to support the listing application
  • assist in communication and liasing from SGX (BEI Singapore)
  • Co-ordinate the drafting and fulfilment of the SGX listing requirements
  • prepare and run all activities from start till end process for listing on SGX
  • Provide assistance and prepare relevant documents and make relevant applications for listing on SGX in order to get approval from SGX

 

For those Participant who have experience and interested in providing the service, should register by click the “Join” button during the registration period. 

 

We will evaluate using the applicable rules in Garuda Indonesia after receipt the administrative documents and technical data.

 

Garuda did not collect any fees in the vendor registration process as well as the procurement process.

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