PT Medco Energi Internasional Tbk, through its subsidiary of Medco Energi Global Pte. Ltd., (altogether called “MedcoEnergi” or the “Company”) announced that the Company has issued Medium Term Notes (MTN) of S$ (Singapore dollar) 100 million on 14 May 2015 with a fixed coupon rate of 5.9% per year and a tenor of 3 (three) years. For this issuance, the Company has appointed DBS Bank Ltd., Australia and New Zealand Banking Corporation Limited and Mitsubishi UFJ Securities (Singapore) Limited as its joint lead managers.

The issuance is part of an overall MTN program with the maximum amount of S$ 500 million. This MTN will strengthen the Company’s financial fundamentals through an improved debt profile.
Lukman Mahfoedz, President Director and CEO of MedcoEnergi commented that, “This is the right moment for MedcoEnergi to re-access the international capital market for its corporate funding. The issuance demonstrates the Company’s strong credibility in obtaining the international market confidence and trust, particularly in the current low oil price environment. The Company will continue to prudently manage its financials to uphold this trust.“