![](/media/13098/agi-opening.png?crop=0,0,0,0.0004520795660035372&cropmode=percentage&width=1200&height=900&rnd=133613688900000000)
Issue of US$650 million senior notes by PT Medco Energi Internasional Tbk
![](/media/3553/weekly-deal-summaries-img4.jpg?anchor=center&mode=crop&width=1200&height=900&rnd=132006800720000000)
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 the consideration for 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.