1945 - 2022

Dr. HC. Ir. H. Arifin Panigoro bin Yusuf Panigoro

Medco Group Founder



It is with heavy heart that we announce the passing of our Company's Founder. He was a prominent and visionary figure of inspiration to us and to the Company. Not only he was passionate in what he did, he was also a dedicated man of honor to the nation and the country. May his legacy always live in the Company's soul and activities.

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Media Release

2020-01-20

MedcoEnergi Issues US$650 Million Bond

Jakarta, 20 January 2020 – PT Medco Energi Internasional Tbk ("MedcoEnergi" or the "Company") is pleased to announce the successful issue of a six times oversubscribed seven-year tenor 144A/Reg S US$650 million bond with a 6.375 % coupon.

The Company received rating upgrades from B to B+ (Stable) from S&P Ratings and from a B2 to B1 (Stable) from Moody’s, while Fitch affirmed their B+ (Stable) rating. The upgrades reflect sustained improvement in the Company’s performance through improved earnings visibility, increased scale and geographic diversification following the successful acquisition and integration of Ophir Energy plc. The Company also received an MSCI ESG Rating of BB, upgraded from B following the publication of its recent Sustainability Report reflecting continued improvement to achieve its long term sustainability goals.

The Company will use the net proceeds from the recent bond to exercise its right to redeem a USD Bond maturing in 2022 and to repay IDR bonds maturing in 2021. (***)