Issue of US$650 million senior notes by PT Medco Energi Internasional Tbk

A&G News 3 June 2019

Allen & Gledhill advised PT Medco Energi Internasional Tbk (“Medco”) on the issue of US$650 million 7.375 per cent. senior notes due 2026 by Medco Oak Tree Pte. Ltd, a wholly-owned subsidiary of Medco.

The proceeds are to be used for payment of consideration of the acquisition of Ophir Energy plc.

Advising Medco as to Singapore law was Allen & Gledhill Partner Glenn Foo.

Advising Medco on Singapore tax issues was Allen & Gledhill Partner Sunit Chhabra.