By Sarah Lizee
Olympia, Wash., May 8 – PT Medco Energi Internasional Tbk. issued $650 million of 7 3/8% seven-year bonds, according to a press release.
Proceeds from the Rule 144A and Regulation S bonds will be used for the company’s acquisition of Ophir Energy plc and to repay debt.
Jakarta, Indonesia-based Medco Energi is an oil company.
| Issuer: | PT Medco Energi Internasional Tbk.
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| Issue: | Bonds
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| Amount: | $650 million
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| Maturity: | Seven years
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| Coupon: | 7 3/8%
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| Announcement date: | May 8
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| Distribution: | Rule 144A and Regulation S
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