1948 - 2024

Raisis Arifin Panigoro

Advisor of MedcoEnergi

It is with heavy heart that we announce the passing of Ibu Raisis Arifin Panigoro, MedcoEnergi's Advisor (2022 - 2024). Her service and contribution made her a role model for all of us.

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Login | Friday, 14 June 2024 |

MedcoEnergi Issues US$ 500 Million 7NC4 Bond

Media Release


MedcoEnergi Issues US$ 500 Million 7NC4 Bond

JAKARTA, 25 January 2018 – PT Medco Energi Internasional Tbk (“MedcoEnergi” or the “Company”) is pleased to announce the successful issue of an eight times oversubscribed 7NC4 144A/Reg S bond for US$ 500 million, seven year tenor with a final coupon of 6.75%.

Moody's upgraded its B2 issuer rating outlook for the Company to Positive from Stable while Fitch and Standard & Poor’s reaffirmed their B Stable issuer ratings. The Company intends to use the net proceeds from the bond to repay certain indebtedness.

Roberto Lorato, CEO of MedcoEnergi, said “The strong demand from bond investors reflects the Company’s record of consistent delivery on its commitments, both our operational performance and deleveraging plans. We have delivered higher than budgeted oil and gas production, sustained our cost efficiency measures and most recently successfully executed a rights issue.”

Hilmi Panigoro, the President Director of MedcoEnergi, remarked “We are pleased with the final outcome of the bond issue, and also the credit rating outlook upgrade which reflects the confidence in our company. We will continue to deliver on our plans for the benefit of all our stakeholders.”