New Issue: Freeport Indonesia sells $3 billion of senior notes due 2027, 2032, 2052

Chicago, April 7 – PT Freeport Indonesia sold $3 billion of senior notes in three parts (Baa3//BBB-), according to a press release.

The issuer sold $750 million of 4.763% five-year senior notes, $1.5 billion of 5.315% 10-year senior notes and $750 million of 6.2% 30-year senior notes.

Citigroup Global Markets Inc. and J.P. Morgan Securities plc are the joint global coordinators for the offer.

HSBC, Mandiri Securities Pte. Ltd., Mizuho Securities Asia Ltd. and SMBC Nikko Securities (Hong Kong) Ltd. are the joint bookrunners for the Rule 144A and Regulation S notes.

Proceeds will be used to finance smelter projects, refinancing and for general corporate purposes.

The issuer operates one of the world’s largest copper and gold mines at the Grasberg minerals district in Papua, Indonesia.

Issuer:	PT Freeport Indonesia
Amount:	$3 billion
Issue:	Senior notes
Bookrunners:	Citigroup Global Markets Inc., J.P. Morgan Securities plc (joint global coordinators), HSBC, Mandiri Securities Pte. Ltd., Mizuho Securities Asia Ltd. and SMBC Nikko Securities (Hong Kong) Ltd.
Co-managers:	CIMB Bank Bhd., Labuan Offshore Branch, IMI - Intesa Sanpaolo, Malayan Banking Bhd., Standard Chartered Bank and United Overseas Bank Ltd.
Trade date:	April 7
Settlement date:	April 14
Ratings:	Moody’s: Baa3
	Fitch: BBB-
Distribution:	Rule 144A and Regulation S
2027 notes
Amount:	$750 million
Maturity:	April 14, 2027
Coupon:	4.763%
2032 notes
Amount:	$1.5 billion
Maturity:	April 14, 2032
Coupon:	5.315%
2052 notes
Amount:	$750 million
Maturity:	April 14, 2052
Coupon:	6.2%

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