31 Jul 2019
Issuance of five series of global bonds
Partners Ahmad Fikri Assegaf and Bono Daru Adji from Assegaf Hamzah & Partners acted for Indonesia Asahan Aluminium (Inalum) on its issuance of five series of global bonds worth US$4 billion in November 2018. The series consisted of US$1 billion notes at 5.23 percent due 2021, US$1.25 billion notes at 5.71 percent due 2023, US$1 billion notes at 6.53 percent due 2028, and US$750 million notes at 6.757 percent due 2048. Proceeds from the bonds were used to fund the acquisition of a majority stake in Freeport Indonesia, the operator of the largest gold mine and the second largest copper mine in the world, by the Republic of Indonesia, through Inalum.