Jakarta, July 5th 2018 – PT Medco Power Indonesia, (“MEDP” or “the Company” ), a subsidiary of PT Medco Energi International Tbk (www.medcoenergi.com ) engaged in the power sector, today listed its first Medco Power Indonesia I Bond and Medco Power Indonesia I Sharia Compliant Bond (sukuk wakalah) for Rp1,200,000,000,000 (one trillion and two hundred billion Rupiah) on the Indonesia Stock Exchange. During the book building period, the Company’s bond and
sharia compliant bond was oversubscribed, especially the sharia compliant bond which is the first sharia compliant bond issued by a non-government entity.
Eka Satria, the President Director of the Company explained as a new issuing company, the high interest in this bond and sukuk wakalah reflects the public’s trust in the Company. He also explained that the issuance of bonds and sukuk wakalah bonds are part of Company efforts to optimize cash management, refinance subsidiary loans, fund capital expenditures and the new development of future projects, including a 275 MW Riau CCPP and a 110 MW Ijen geothermal power
Roberto Lorato, CEO of MedcoEnergi commented that the success of this bond will strengthen Medco Power Indonesia management focus on continuous improving the Company’s performance.’