Medco mulls $100 mil bond issue

Indonesia's largest listed oil and gas firm PT Medco Energi Tbk said on Friday it was considering raising in excess of $100 million through a bond issue to finance acquisitions.

"In excess of $100 million. As I have said, an external financing will be used for acquisition," Medco's spokesman, Gamala V. Katoppo told Reuters when asked about the size of the issue.

He said several investment bankers had express interest in handling the bond, which are planned to be issued this year, and all of them were from foreign banks.(*)