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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Login | Saturday, 21 May 2022 |

Media Release


MedcoEnergi Issues a US$400 Million Bond

Jakarta, 4 November 2021 – PT Medco Energi Internasional Tbk (“MedcoEnergi” or the “Company”) is pleased to announce the successful issuance of a seven-year tenor 144A/Reg S US$400 million bond with a 6.95% coupon.

The Company’s credit ratings affirmed B+ from Fitch, B+ from S&P and B1 from Moody’s. The Company will use net proceeds to refinance existing indebtedness and/or to support its growth agenda.

The Company recently published its Climate Change Strategy aimed at reaching Net Zero for Scope 1 and Scope 2 emissions by 2050, and Scope 3 by 2060. Our Climate Change Strategy reinforces our continuous commitment towards long term sustainability goals.

Hilmi Panigoro, the President Director of MedcoEnergi said “We are pleased with the final outcome of the bond issuance, the strong support from international and domestic bond investors reflects the Company’s record of consistent delivery of our commitments, our operational performance and deleveraging plans. With the improving of commodity prices and energy demand we look forward to continuing on our path of sustainable growth”.