20 May 2020

PT Indonesia Asahan Aluminium (Persero)’s issuance of tranche notes

Partner Bono Daru from Assegaf Hamzah & Partners acted for PT Indonesia Asahan Aluminium (Persero), the holding company for Indonesia’s state-owned mining companies, as its Indonesian counsel in the issuance of its USD 1 billion 5-year tranche, USD 1 billion 10-year tranche and USD 500 million 30-year tranche Notes under Regulation S/Rule 144A of the U.S. Securities Act 1933. This issuance marked the largest issuance from an Indonesian corporate since the start of the pandemic outbreak.