Medco issues rupiah bonds to support business growth
Monday, June 6 2016 - 08:43 AM WIB
This first issuance in 2016 will be offered in two series; series A with an effective tenure of three years and series B with an effective tenure of 5 (five) years. Both series of the first issuance will bear fixed coupon rate and will be disbursed quarterly throughout the tenure. The Bonds has received a rating of idA+ from Pefindo.
In compliance with the prevailing laws and regulations, the registration statement for the bond issuance has been lodged with the Indonesian Financial Services Authority (OJK).
Book building begins immediately and closes on June 17, 2016 with a targeted effective date from the OJK of June 28, 2016. The first phase public offering period will then close on July 12, 2016.
Approximately 70 percent of the bonds' proceeds will be used for debt refinancing with the remainder to support ongoing capital expenditure and future acquisitions.
The full prospectus for the bonds can be obtained from the appointed Joint Lead Underwriters, PT Bahana Securities, PT BNI Securities, PT Danareksa Sekuritas, PT DBS Vickers Securities Indonesia, PT Indo Premier Securities and PT Mandiri Sekuritas. PT Bank Mega Tbk has been appointed as Trustee for this corporate action.
Hilmi Panigoro, President Director, said that ?This is the first phase of an attractive investment product for investors and will support MedcoEnergi?s operations and further growth in Indonesia.?
Editing by Johannes Simbolon