By Rebecca Melvin
New York, Jan. 21 – PT Medco Energi Internasional Tbk. has priced $650 million of 6 3/8% seven-year notes (expected ratings: B1/B+/B+), according to a news release.
The issuer is Medco Bell Ptd. Ltd.
The proceeds will be used to redeem dollar-denominated bonds maturing in 2022 and to repay Indonesia rupiah bonds maturing in 2021.
As previously reported, the Jakarta, Indonesia-based oil company selected Morgan Stanley, Standard Chartered Bank, Societe Generale, Credit Suisse, DBS Bank Ltd. and Mandiri Securities as joint lead managers and joint bookrunners of the Rule 144A and Regulation S notes.
| Issuer: | Medco Bell Ptd. Ltd.
|
| Guarantor: | PT Medco Energi Internatsional Tbk.
|
| Issue: | Notes
|
| Amount: | $650 million
|
| Maturity: | Seven years
|
| Bookrunners: | Morgan Stanley, Standard Chartered Bank, Societe Generale, Credit Suisse, DBS Bank Ltd. and Mandiri Securities
|
| Coupon: | 6 3/8%
|
| Announcement date: | Jan. 20
|
| Ratings: | Moody’s: B1
|
| S&P: B+
|
| Fitch: B+
|
| Distribution: | Rule 144A and Regulation S
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
