JAKARTA - PT Medco Energi Internasional Tbk (MEDC) will pay off four bonds maturing between 2025 and 2028. Those bonds were issued by four different subsidiaries.

Siendy K. Wisandana, Corporate Secretary of MEDC, said that the tender offer completion depends on fulfilment of specific requirements by the issuers. “The company intends to fund the tender offer in cash for the payoff of Bonds maturing in 2025, 2026, 2027, and 2028,” Wisandana mentioned in the information disclosure quoted Thursday (12/10).

The total principal of Bonds maturing in 2025 is USD 235.09 million. It was issued by Medco Platinum Road Pte, Ltd. The company is set to buy 6.75% of maturing bonds in cash.

Then, the total principal of Bonds maturing in 2026 is USD 533.60 million. This one was issued by Medco Oak Tree Pte Ltd. MEDC plans to buy a maximum of USD 60 million of these bonds.

Furthermore, the principal of Bonds maturing in 2027, issued by Medco Bell Pte Ltd., is USD 570.73 million. The company will buy a maximum of USD 60 million of these bonds.

Lastly, the Bonds maturing in 2028, worth USD 372.60 million, was first issued by Medco Laurel Tree Pte Ltd. The company intends to buy a maximum of USD 70 million of these bonds. (LK/ZH)