Plan to issue US$300mn bond
It is reported that Medco Energi (MEDC) is currently planning to issue a US$300mn bond to refinance part of its outstanding bond that is due next year. Currently, MEDC has
a US$325mn bond maturing in 22 May 2010 and another outstanding Rp513bn and Rp986bn due in 2012 and 2014 respectively. At present, the company is in the process of selecting underwriters for the bond issuance.
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