Medco Issues Rp4.92tn Bonds

Translator

Editor

Rabu, 20 Mei 2015 17:50 WIB

Medco. TEMPO/Yosep Arkian

TEMPO.CO, Jakarta – Listed energy company PT Medco Energi Internasional Tbk. (IDX: MEDC) has issued global bonds worth Sin$500 million (Rp4.92 trillion). The bond issuance is aimed at sourcing funds for the company’s working capital and refinancing purposes.


MEDC director Lany D. Wong said the through its subsidiary, Medco Energi Global Pte. Ltd, the company has signed a multicurrency medium term note issuance on April 13, 2015.


The signing was done by DBS Bank Ltd., Australia; the New Zealand Banking Corporation Limited and Mitsubishi UFJ Securities (Singapore) Limited. The agreement is guaranteed unconditionally and is irrevocable.


Based on the permanent global notes signed by the MEG, MEDC and the Singapore branch of Bank of New York Mellon—acting as the trustee—on May 14, 2015, the initial issuance of US$100 million is part of the MYN program.


"This is an unsecured senior bonds with a coupon of 5.9% per year and a coupon payment of every six months," Wong said in a public disclose at the Indonesia Stock Exchange (IDX) building on Tuesday, May 19.


BISNIS.COM | RR

Related News

Energy Ministry Raises Biofuel Prices in May

17 hari lalu

Energy Ministry Raises Biofuel Prices in May

The Ministry of Energy and Mineral Resources (ESDM) has set the market index price for biofuel, particularly biodiesel, at Rp12,453 per liter.

Read More

To Go Nuclear, the Public Must be Onboard

34 hari lalu

To Go Nuclear, the Public Must be Onboard

Surveys over the past decade show that nuclear energy as an energy option is being increasingly accepted in Indonesia.

Read More

DPR Energy Commission to Investigate Allegations of Mining Permits Politicization Involving Minister Bahlil

5 Maret 2024

DPR Energy Commission to Investigate Allegations of Mining Permits Politicization Involving Minister Bahlil

A number of legislators in DPR's Commission VII, which deals with energy issues, are paying attention to the alleged politicization of mining permit.

Read More

Indonesian Energy Ministry Emphasizes Planned Mining for Sustainability

24 Januari 2024

Indonesian Energy Ministry Emphasizes Planned Mining for Sustainability

Indonesian Energy Ministry emphasizes the importance of planning in the mining sector to ensure environmental, economic, and social sustainability.

Read More

The Dwindling Dream of Low Emissions

24 Januari 2024

The Dwindling Dream of Low Emissions

The government will lower its renewable energy mix target. The goal of low emissions is getting further away.

Read More

IESR Says Energy Sector Potentially Creates 3.2 million of New Job Opportunities

24 Januari 2024

IESR Says Energy Sector Potentially Creates 3.2 million of New Job Opportunities

IESR projected that the energy sector will potentially create millions of new job opportunities.

Read More

Govt to Issue CCS Regulation Soon; Allows for Carbon Storage by Foreign Entities

16 Januari 2024

Govt to Issue CCS Regulation Soon; Allows for Carbon Storage by Foreign Entities

Energy Ministry says that the Presidential Regulation on Carbon Capture and Storage (CCS) outside of upstream oil and gas will soon be released.

Read More

Indonesia Allocates Rp186.9tn for Energy Subsidy Budget in 2024

16 Januari 2024

Indonesia Allocates Rp186.9tn for Energy Subsidy Budget in 2024

The Ministry of Energy and Mineral Resources (ESDM) is allocating Rp186.9 trillion for this year's energy subsidy budget.

Read More

Indonesia Holds 3 Attractions for Investors, Energy Minister Says

24 Desember 2023

Indonesia Holds 3 Attractions for Investors, Energy Minister Says

Energy and Mineral Resources Minister Arifin Tasrif on Friday said that Indonesia has three attractions that can draw investors to the country.

Read More

Minister Retno Marsudi Meets Algerian Counterpart, Talks of Energy Cooperation

21 Desember 2023

Minister Retno Marsudi Meets Algerian Counterpart, Talks of Energy Cooperation

Indonesian Foreign Affairs Minister Retno Marsudi met with her Algerian counterpart Ahmed Attaf in Algiers on Wednesday, Dec. 20.

Read More