Medco Energi to offer Rp 1.5t in bonds to refinance debt

first_img“The public offering period for the bonds will run from Feb. 12 to 13 and will be listed on the Indonesia Stock Exchange [IDX] on Feb. 19,” the company said in an announcement posted on the IDX website on Friday.The proceeds of the bond issuance will be used to refinance some of its debt owed to state-owned Bank Mandiri, which will be due on Dec. 21, 2021.The company also issued $650 million worth of US dollar-denominated bonds through its subsidiary, Singapore-based Medco Bell Pte Ltd, on Jan. 16 on the Singapore Stock Exchange (SGX).The bonds, scheduled to be due on Jan. 30, 2027, offered a 6.38-percent annual coupon. Medco Bell will transfer the proceeds of the bonds to Medco Energi to be used to refinance its previously issued bonds that will be due in 2021 and 2022.The company received early commitments from several Singapore-based financial institutions for the bonds, such as DBS Bank Ltd, Mandiri Securities Pte Ltd, Standard Chartered Bank (Singapore) Limited, Morgan Stanley Asia (Singapore) Pte and Credit Suisse (Singapore) Limited, as well as Hong Kong-based Societe Generale.Topics : Privately-owned oil and gas company PT Medco Energi Internasional is set to offer rupiah-denominated debt papers following a recent global bonds issuance in a bid to refinance its debts that are due in the next two years.The company will issue Rp 1.5 trillion (US$ 110.15 million) in bonds in its third round of shelf-registration bonds.The rupiah-denominated bonds are set to be offered in two series, namely series A, which amounts to Rp 908.7 billion with a coupon of 8.9 percent per year that will be due in three years, and series B, worth Rp 476.15 billion with an annual coupon of 9.3 percent and a tenure of five years.last_img read more

Irish golfers in action

first_imgPelle Edberg and Matthew Fitzpatrick head the field on 11-under. Kevin Phelan’s just reached the halfway stage of his third round – he’s 4-under par. Jordan Spieth also has the weekend free after finishing the first two days on 7-over. Leading the way is Bubba Watson, whose second round 68 leaves him on 7-under par, and a stroke clear of a group of four. Michael Hoey’s third round is just underway at the Czech Masters – he’s best of the Irish on 7-under par. last_img

Spanish La Liga: Espanyol, Levante Clash Ends In Stalemate

first_imgHosts Espanyol and newly promoted Levante played out an uninspiring goalless draw in their Matchday 8 league clash earlier on Friday night.Catalan side Espanyol had the chance to steal a march on their opponents on the league table but failed to capitalise as the visitors battled hard for a point to stay in the top 10 in the Spanish La Liga.Levante started the day in the top 10 and they maintained that position in 10th spot with 10 points while Quique Sanchez Flores’ side move from 14th to 11th position (9 points) with the point recorded as a result of the draw.RelatedLa Liga Review: Deportivo’s Survival Hopes Falter In Espanyol DrawFebruary 24, 2018In “Europe”La Liga Review: Real Madrid Put Pressure On Top Two With Malaga Win As Atletico Thrash Levante To Trim Barcelona LeadApril 16, 2018In “Europe”La Liga Watch: Girona Stun Espanyol In Catalan Derby To Secure Top 10 SpotDecember 12, 2017In “Europe”last_img read more

RCMP searching landfill in connection to Abigail Andrews case

first_imgThe RCMP now say they are searching a local landfill in connection to the disappearance of Abigail and Moose FM have learned the RCMP are searching the North Peace Landfill just outside of Fort St. John.  As a result of their investigation, the RCMP and North Peace Search and Rescue are conducting the search.  Numerous tips from the public have helped move the investigation forward.It’s unknown what led officers to begin searching the landfill.RCMP spokesperson Cpl. Annie Linteau wouldn’t say what investigators are looking for, or if any evidence has surfaced in the landfill. She also wouldn’t say if investigators are searching any other locations in Fort St. John.Advertisement Photo:  The North District Major Crime Unit and the Fort St. John Serious Crime Unit search the North Peace Landfill – Adam Reaburn/ Abigail Andrews was last seen on Wednesday April 7th, walking away from her residence.  Abigail’s family reported her missing to police on Friday April 9th.  The RCMP are still looking for the public’s help in the investigation.  You can call the Fort St. John Detachment at 250-787-8140 or Crimestoppers at 1-800-222-8477.To see the Facebook group, click here.  Related StoriesAdvertisement – Advertisement -By staff 28 year old pregnant woman missing from Fort St. JohnRCMP release information about the disappearance of Abigail AndrewsBrother of missing woman seeks answerslast_img read more

Richard Ashcroft: I’d rather see Man United relegated playing the right way

first_img 2 Ashcroft says Ferguson’s departure left a ‘gaping hole’ in the club He believes the Welshman could have been United’s answer to Pep Guardiola had he been given time to develop as a coach at Old Trafford, and believes changing managers three times in three years after Ferguson’s departure has destroyed the spirit of the club.“A gaping hole was left when Sir Alex retired and over the last few years, somewhere along the line the spirit of the club [has been lost],” Ashcroft told talkSPORT.“Fans expect to see flair, they expect to see creativity, they expect us to play any team in the world at Old Trafford and never start with a mentality that we’re trying to build a wall.“We’re attack, attack, attack!“In my opinion, it was all set up for Ryan Giggs to go through a few difficult years but have a tremendous team around him and let that man grow in the job.“Like Pep, look where Pep is now. Someone at Barcelona gave Pep that opportunity where I’m sure someone else was saying, ‘no, we need this guy who has done this and done that’. 2 Getty Images – Getty center_img Diehard Manchester United fan and singer-songwriter Richard Ashcroft believes the ‘spirit of the club’ has been lost since the departure of Sir Alex Ferguson as manager.The former Verve frontman has told talkSPORT he would rather the club ‘be relegated and play the right way with a bunch of local lads’ than see the misery at Old Trafford continue.Ashcroft joined Wednesday’s Alan Brazil Sports Breakfast to react to United’s home Champions League defeat to Juventus, which has heaped more pressure on Jose Mourinho.It appears Red Devils supporters are split in their support of the Portuguese coach, with some running out of patience and calling from him to be sacked, while others are confident he can turn it around.And in a passionate rant, the Bittersweet Symphony singer defended the boss, insisting the problems at the club started long before he arrived – beginning with the decision not to stick with Ryan Giggs as head coach. Richard Ashcroft believes Ryan Giggs could have been Manchester United’s answer to Pep Guardiola “By not doing that [sticking with Giggs], that’s where we started severing ties and it’s a big problem.“It’s not a Jose Mourinho problem, it’s root and branch.“I’ll be really brutal; I would rather do down, I would rather be relegated and play the right way with a bunch of lads who live in a 30 mile radius of Old Trafford, that’s how I feel right now.“It’s not all Jose’s fault, he’s got an almost impossible task.“Potentially if he had come straight away after Sir Alex, and there had been that handing over the baton, and if there had not have been this nonsense in between, then maybe we wouldn’t be in this situation.”Listen to Richard Ashcroft as he talks Manchester United and new album ‘Natural Rebel’ IN FULL above!last_img read more