JAKARTA. PT Medco Energi Internasional Tbk (MEDC), through its subsidiary Medco Strait Services Pte Ltd, completed a tender offer to purchase senior notes or global bonds worth US$ 400 million which will mature in 2022.
The tender offer was done on 16-20 March 2020 in New York, United States. The 8.50% bonds were guaranteed by Medco Energi and several of its subsidiaries.
Medco appointed Morgan Stanley Asia (Singapore) and Standard Chartered Bank Ltd as joint dealer managers in the tender offer, and appointed Morrow Sodali Ltd as the tender agent. (AM/AR)