MEDC Raises Bond Emission to USD 400 M
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MEDC Raises Bond Emission to USD 400 M

Medco Energi Internasional Tbk (MEDC) has raised its bond issuance value listed at
Singapore Exchange Securities Trading Ltd (SGX-ST) from USD 300 million to USD 400
million and issued additional bonds worth USD 100 million with an 8.5 percent
interest rate per year and five years tenor.

The bond issuance is conducted by its subsidiary, namely Medco Strait Services Pte
Ltd. The proceeds will be used to repay the 2015 MTN Program with a principal value
of SGD 100 million and part of Shelf Registered Bond I Phase II 2013 with a
principal value of IDR 1.5 trillion.

According to the management, the initial buyers are the same as the senior bond
buyers, namely CLSA Limited, Credit Suisse Singapore Ltd, JP Morgan SEA Ltd, ANZ
Banking Group Ltd, and Mandiri Securities Pte Ltd.

On Thursday (24/8), MEDC rose 2.04 percent to IDR 3,000. (*)

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