Indonesia state miner Inalum raises $2.5bn in global bonds

Image courtesy of PT Inalum

Indonesia mining holding company PT Indonesia Asahan Alumunium (Inalum) has raised $2.5 billion through a global bonds sale, the ministry of state-owned enterprises said on Tuesday.

The bonds were sold in three tranches, of maturities 5-, 10-, and 30-years, the ministry said in a statement, with coupon rates of 4.75%, 5.45% and 5.8% respectively.

The proceed will be used to refinance Inalum’s maturing $1 billion debt, the ministry added, as well as for project financing.

(By Tabita Diela and Fransiska Nangoy; Editing by Clarence Fernandez)

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