JAKARTA: Indonesian energy company PT Medco Energi Internasional Tbk announces today that it will issue bonds amounting to US$150 million within two years pay debt and strengthening its capital expenditure.In a prospectus published today, the company said it will release US$50 million at the first phase with tenor of five years.The bonds has obtained idAA- with negative outlook from the Indonesian rating agency PT Pemeringkat Efek Indonesia.The book building will start tomorrow until June 23, 2011 and the offering is set for July 1-July 4, 2011. The allotment will be conducted on July 5 and the listing at Jakarta Stock Exchange is set on July 8, 2011.The company has appointed PT Bahana Securities as its underwriter, whilst PT Bank Mega Tbk acts as its trustee.Medco Energi will use US$90 million of its proceeds for repaying debts and the remaining proceeds will be used for the working capital. (msw)

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