JAKARTA - PT Medco Energi Internasional Tbk (MEDC) announces the result of tender offer of two Senior Bonds maturing in 2026 and 2027 issued by two of its subsidiaries, namely Medco Oak Tree Pte, Ltd dan Medco Bell Pte Ltd.

In the information disclosure quoted Monday (7/10), MEDC mentioned that the proceeds of initial tender offer of Senior Bond maturing in 2026 issued by Medco Oak Tree Pte, Ltd are a maximum of USD 100 million, whereas Senior Bond maturing in 2027 issued by Medco Bell Pte Ltd will gain proceeds of USD 50 million at most, both not including existing accumulated interest.

The tender offer began on September 20, 2024, and was closed yesterday (3/10). The maturity date is set to October 21.

As is known, two MEDC’s subsidiaries offered Senior Bond of 2026 with a principal of USD 57.10 million, and Senior Bond of 2027 of USD 68.83 million. Both securities have legally offered to the public, and will not retract the offering before the initial tender offer process was done.

The issuers of both bonds will pay the principal of each set in cash from master guarantor and subsidiaries, or a loan based on existing facilities. (LK/ZH)