Indonesia’s Medco begins tender offer for 8½% senior notes due 2022

By Marisa Wong

Los Angeles, March 17 – Medco Strait Services Pte. Ltd. said it is offering to purchase any and all of its 8½% senior notes due 2022 (Cusips: 58406FAA2, Y59515AA7) guaranteed by parent company PT Medco Energi Internasional Tbk. (MedcoEnergi) and some of its subsidiaries.

The offer began on March 16 and expires at 5 p.m. ET on March 20, according to a notice.

Medco is offering to purchase the notes at $1,000 per $1,000 principal amount.

Settlement is slated for March 25.

Morgan Stanley Asia (Singapore) Pte. (+44 20 7677 5040, +852 6337 7190 or +852 6901 0116, +65 6834 6888) and Standard Chartered Bank (Singapore) Ltd. (+44 20 7885 5739, +852 3983 8658, +65 6557 8286) are joint dealer managers for the tender offer.

Morrow Sodali Ltd. (+852 2158 8405, +44 20 7355 0628, 212 324-4934, atmedco@investor.morrowsodali.com) is the information and tender agent.

MedcoEnergi is an oil and gas company based in Jakarta, Indonesia.

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