JAKARTA - PT Medco Energi Internasional Tbk (MEDC) will offer Shelf-Registration Bond V Phase III Year 2025 worth IDR 2.5 trillion from December 27, 2024, to January 2, 2025. The proceeds will be allocated for refinancing the bond maturing in 2025.

As said in the prospectus quoted today (4/12), the bond will be offered in two series: series A of IDR 1.67 trillion with fixed yield of 7.75% per annum for 5 years, and series B of IDR 825 billion with fixed yield of 8.25% p.a. for 7 years.

MEDC will allocate the proceeds for refinancing other bonds and loan, namely series B of Shelf-Registration Bond III Phase III Year 2020 of IDR 476.3 billion, series A of Shelf-Registration Bond IV Phase III Year 2022 of IDR 1.89 trillion, and loan principal of Medco Bell Pte Ltd of IDR 119.16 billion.

The assigned joint underwriters consist of PT BRI Danareksa Sekuritas, PT DBS Vickers Sekuritas Indonesia, PT Mandiri Sekuritas, and PT Trimegah Sekuritas Indonesia Tbk (TRIMS), each of which accounts for 25% of total value.

Then, MEDC has also appointed PT Bank Rakyat Indonesia (Persero) Tbk (BBRI) as the trustee.

For the record, Pefindo has attached an “idAA- (Double A minus) to MEDC regarding the bond issuance. (LK/ZH)