Medco to list its Rp1.35 trillion bonds on SSX today
Tuesday, July 13 2004 - 02:39 AM WIB
Publicly-listed energy firm PT Medco Energi Internasional Tbk on Tuesday will list its Rp1.35 trillion bonds on the Surabaya Stock Exchange (SSX), the Bisnis Indonesia newspaper reported in its Tuesday edition.
Medco said in a press release received by Bisnis that after the listing on the Surabaya Stock Exchange, it must pay the first installment of interest on the bonds starting from October 12 and the last on July 12 2009.
“The company (Medco) assured that the total value of the bonds will be Rp1.35 trillion. With this, the company will make its first interest payment on October 12, 2004, Medco’s finance director Sugiharto said in the release.
The proceeds of the bond issue, which has 13.12 % interest rate, will be used for the company’s expansion or to pay its debts and increase its working capital, Sugiharto said. (*)