REPUBLIKA.CO.ID, JAKARTA -- Publicly traded energy company PT Medco Energi Internasional said it will offer fixed rate bonds valued at Rp1.5 trillion.
Book building would start on June 17 and general offer is to be closed on July 12, Hilmi Panigoro, the president director of the country's largest private energy company said.
The bond is the first part of Rp5 trillion bond it plans to offer, Hilmi said here on Monday.
He said 70 percent of the bond fund would be used to refinance its debt and the remaining 30 percent would be used to strengthen its capital and to finance acquisition plan.
The first phase of the bond would be offered in two series -- A series for three years and B series for five years.
The coupon would be paid every three months until the repayment deadline of the bond series.
Hilmi said the bond has been given the rating of idA+ by the national rating agency Pefindo, and its registration and supporting documents have been submitted to the Financial Service Authority (OJK).
Medco has named PT Bahana Securities, PT BNI Securities, PT Danareksa Sekuritas, PT DBS Vickers Securities Indonesia, PT Indo Premier Securities and PT Mandiri Sekuritas as the underwriters with PT Bank Mega as the trustee bank.
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