Indonesia: O&G co Medco plans $340m rights issue, $146m bond issue

Indonesia: O&G co Medco plans $340m rights issue, $146m bond issue

Indonesian oil and gas company PT Medco Energi Internasional Tbk (MEDC) has announced plans to offer 3 billion new shares or about 47.7 per cent of the total paid up capital to raise Rp4.6 trillion ($340 million). Details on pricing or the entitlement of the rights have not been disclosed.

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