Thursday, April 16, 2009

4 underwriter handle Medco bond

PT Medco Energi Internasional Tbk has appointed four securities firms to underwrite their IDR1 trillion bond. The four companies are PT Bahana Securities, PT Danareksa Sekuritas, PT Kresna Graha Sekurindo, and PT Andalan Artha Advisindo.
The bond issue in the first semester of this year aims to raise funds to finance capital expenditure and refinance the company's matured liability.
My source confided Bahana and Danareksa would be likely to be appointed the lead underwriters.

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