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 | Tuesday, 26 September 2023 |

MedcoEnergi Issues US$650 Million 7NC4 Bond

Media Release


MedcoEnergi Issues US$650 Million 7NC4 Bond

JAKARTA, 6 May 2019 – PT Medco Energi Internasional Tbk (“MedcoEnergi” or the “Company”) is pleased to announce the successful issuance of a seven year 144A/Reg S US$650 million (7NC4) bond with a 7.375% coupon.

The Company received a rating upgrade from B (Positive outlook) to B+ from Fitch Ratings, a B (Positive outlook) from S&P Ratings and Moody’s affirmed B2 (Positive outlook) rating at the back of the proposed acquisition of Ophir Energy Plc and continued improvement in financial performance. The Company will use the net proceeds from the bond to fund the acquisition of Ophir Energy Plc and 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.”

Hilmi Panigoro, the President Director of MedcoEnergi, remarked “We are pleased with the final outcome of the bond issue, and also the credit ratings upgrade which reflects the confidence in our company. The approval by Ophir Energy Plc shareholders is clearly another milestone demonstrating our capability to deliver a complex, multi-jurisdictional transaction. By completing the transaction in the second quarter, we expect our position will further strengthen as an integrated energy and natural resource company. We will continue to deliver on our plans and commitments for the benefit of all our stakeholders.”