PT Indonesia Asahan Aluminium’s (Inalum) inaugural US$4 billion multi-tranche bond offering was awarded “Debt Market Deal of the Year” by Asian Legal Business at the 2019 Indonesia Law Awards. The prestigious awards honor the outstanding performance of private practitioners and in-house teams in Indonesia and around the region.
Sidley advised Inalum in its multi-tranche bond offering, comprising US$1 billion of three-year bonds, US$1.25 billion of five-year bonds, US$1 billion of ten-year bonds and US$750 million of thirty-year bonds. This is the largest dollar corporate security from a non-financial issuer in Indonesia and among the largest in the Asian market in 2018. The Sidley team was led by Singapore partner Matthew Sheridan and included partner Nicholas R. Brown and counsel Carla G. Teodoro, both in New York.