Jakarta - PT Medco Energi Internasional Tbk (MEDC) offers coupons for sustainable bonds IV phase III 2022 of 7% to 9%.

Based on the prospectus released Friday (7/8), the number of bonds offered in the third phase is Rp3 trillion from the target fund raised through a continuous public offering of Rp5 trillion.

In this third stage, the company issued the bonds in three series, namely Series A, worth Rp1.892 trillion with a coupon of 7% and a tenor of 36 months; series B, valued at Rp521.415 billion with a coupon of 8.10% with a maturity of 60 months; and series C valued at Rp586.270 billion with a 9% coupon and a tenor of 84 months.

The company will use the proceeds from the bond issuance to pay off the outstanding bonds maturing in 2023 and repurchase part of the exceptional amount of the US dollar notes.

In the framework of this PUB bond, the company has obtained a rating from Pefindo,  AA-.

The underwriters were entrusted to PT