MEDC - PT. Medco Energi Internasional Tbk

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JAKARTA. PT Medco Energi Internasional Tbk (MEDC) will issue Shelf Registration Bonds V Phase I Year 2023, with a principal amount of IDR 1 trillion.

The bonds are part of MEDC's V Shelf Registration Public Offering program. This program targets to raise fresh funds of up to IDR 5 trillion, through the issuance of bonds.

In the first phase of issuance, MEDC will offer bonds in 3 series. The tenor offered ranges from 3 years to a maximum of 7 years.

The initial offering period for the first phase of bonds will last until 22 June 2023. The public offering will be held on 3-4 July 2023. Meanwhile, the listing of the bonds on the Indonesia Stock Exchange (IDX) will be held on 10 July 2023.

According to the prospectus submitted, MEDC will allocate proceeds from the first phase of the bond issuance for loans to one of its subsidiaries, namely Medco Platinum Road Pte. Ltd. Later Medco Platinum will use the proceeds to buy back debt securities, in the context of partial repayment.

In the first phase of bond issuance, MEDC has pocketed an “idAA-” rating from the Indonesian Rating Agency (Pefindo). The issuance of these bonds is guaranteed by PT BRI Danareksa Sekuritas, PT DBS Vickers Sekuritas Indonesia, PT Mandiri Sekuritas and PT Trimegah Sekuritas Indonesia Tbk (TRIM). (KR/LM)