Inalum hits $4bn target with bonds, shelves loan

Golden Dollar
By Addison Gong
08 Nov 2018

State-owned mining company Indonesia Asahan Aluminium (Inalum) closed a $4bn bond this week, letting loans bankers off the hook from a planned bridge facility. Addison Gong reports.

The four-tranche 144A/Reg S deal came as part of Inalum’s efforts to increase its shares in Freeport Indonesia (PTFI) to 51.2% from 9.36%, including a stake it holds on behalf of the Papua provincial government, for a total consideration of $3.85bn. PTFI, currently 90.64%-owned by Freeport-McMoran, was the ...

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