JAKARTA (Yosefardi) – Oil and gas company PT Medco Energi Internasional Tbk (MEDC) has been offering first phase of bonds offering, starting Tuesday (April 14), worth Sin$500 million, equivelent Rp4.7 trillion, Investor Daily reported this morning.
Medco has assigned ANZ, DBS, and Mitsubishi UFG as joint lead managers and book runners. Medco plans to refinance its debts to PT Bank Negara Indonesia Tbk (BBNI) amounting US$200 million.
Medco allocates capital expenditure (capex) of US$250 million, or Rp3 trillion, for this year, a 24.2% lower compared to US$330 capex for last year.