Medco scoops $325 million from bond issuance
Monday, June 23 2003 - 03:46 AM WIB
JSX-listed oil producer PT Medco Energi International Tbk has raked in US$325.411 million from the issuance of its senior unsecured fixed rate bonds (yankee bonds), Bisnis Indonesia daily reported Monday.
The fund would be used to acquire oil fields in Indonesia from foreign and local contractors, Medco?s finance director Sugiharto was quoted as saying over the weekend, the end of its share offer period.
In May, Medco issued yankee bonds worth $250 million.
Medco is the second Indonesian company issuing yankee bonds after telecommunication firm PT Telkomsel. (*)