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Indonesia Asahan Aluminium (Persero) (P.T.) -- Moody's assigns first-time Baa2 issuer rating to Inalum

This is the first time that Moody's has assigned ratings to Inalum. Proceeds from the notes issuance will be used to fund a portion of Inalum's proposed $3.85 billion payment to increase its share ownership of PT Freeport Indonesia (PTFI) to 51.23%, inclusive of the government of Papua's 10% stake, from 9.36%.