Inalum to issue US$400 million bond to build new power plant

State-owned aluminum smelter PT Inalum plans to issue bonds valued at US$400 million in 2017 to raise fund to finance construction of a new power plant.

Inalum already has a hydro power plant in Asahan in the countrys biggest water fall of Sigura Gura in the Asahan river, the outlet of wster from Lake Toba.

“Internal study has been made . The next step is to name a financial adviser,” Inalum Finance Director Oggy A. Kosasih said here on Wednesday.

Oggy said the bond would be issued after completing the process of acquiring a 10.64 percent stake in PT Freeport Indonesia.

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Posted October 23, 2015 by repit in News

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