JAKARTA - PT Medco Energi Internasional Tbk (MEDC) has concluded the buyback of two senior bonds maturing in 2026 and 2027. The settlement of this tender will then reduce the company’s obligations.

Siendy K. Wisandana, Corporate Secretary of MEDC, mentioned that the company has repurchased the senior bonds issued by Medco Oak Tree Pte Ltd and Medco Bell Pte Ltd.

The buyback of Senior Bond 2026 is set to a maximum of USD 100 million with an interest rate of 7.375%. Meanwhile, the buyback of Senior Bond 2027 has an interest rate of 6.375%. For the record, the buyback does not include applicable accumulated interest.

Then, the conclusion of this transaction is also announced in Singapore Exchange Securities Trading Limited (SGT-ST).

As of June 2024, MEDC reported total liabilities of USD 5.31 billion, consisting of short-term obligations of USD 1.23 billion and long-term obligations of USD 4.08 billion. Total assets clocked up to USD 7.50 billion, consisting of current assets of USD 1.60 billion and non-current assets worth USD 5.89 billion. (LK/ZH)