Medco Energi secures IDR 5.25 trillion credit facility from Bank Mandiri
JAKARTA – PT Medco Energi Internasional Tbk (IDX:MEDC) has secured a Term Loan II credit facility amounting to IDR 5.25 trillion from PT Bank Mandiri (Persero) Tbk (IDX:BMRI). The agreement was signed on September 14, 2023, and the loan is due to mature by June 23, 2028.
Siendy K. Wisandana, Corporate Secretary of MEDC, stated that the credit facility will increase the company’s financial obligations but is necessary for refinancing existing obligations in the form of bonds issued in USD and IDR.
As of March 31, 2023, MEDC’s long-term liabilities were recorded at USD 3.75 billion, with short-term liabilities in the form of rupiah bonds worth USD 33.15 million and long-term liabilities in the form of rupiah bonds of USD 456.33 million and US dollar bonds USD 1.70 billion. The long-term loans maturing within one year were seen at USD 310 million, approximately USD 273 million of which are bank loans due for repayment within a year.
The company’s total assets as of March 31, 2023, amounted to USD 6.83 billion, consisting of equity of USD 1.85 million and liabilities of USD 4.98 million. This puts MEDC’s debt-to-equity ratio at approximately 2.69x as of March 31, 2023.
In June 2023, MEDC issued a continuous bond V Medco Energi Internasional stage I worth IDR 1 trillion. This continuous public offering targets funds with a total value of IDR 5 trillion.
As of this writing, MEDC has not yet released its interim financial report for the June 2023 period.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
News Related-
IIT Madras and Ericsson partner for joint research on responsible AI
-
Boost Your Kids' Nutrition With Millets: Expert Tips And Delicious Ideas
-
A ten-year-old tweet from Sivakarthikeyan goes viral; check the post here
-
ideaForge and GalaxEye ink airborne radar MoU to help identify India's hidden enemies
-
Court Roundup: Top court on appointment of judges, relief for KCR's daughter, and more
-
K Kavitha, Daughter Of Telangana CM K Chandrasekhar Rao, Granted Relief In Delhi Excise Policy Case
-
Pension regulator eyes Rs 12 lakh crore NPS corpus by year-end, urges private sector participation
-
Breathtaking Images Of New Orange Vande Bharat Express Shared By Railways: See Pics
-
Ashish Kacholia Sell Shares Of This Mukul Agrawal-Backed Small Cap Stock That Has Slumped 20% This Week
-
Jimmy Shergill reveals an interesting anecdote from Munna Bhai M.B.B.S. set, says people used to think 'waah kya character mein hai'
-
Bangladesh name 15-member squad for World Cup 2023, Tamim Iqbal left out
-
'Days of A Few Nations Setting The Agenda Are Over': Jaishankar At UN | Top Quotes
-
China urges countries to boycott Hong Kong media freedom event at UN
-
Ganesh Utsav 2023: 5 Jewellery Styles To Add To Your Festive Wardrobe
OTHER NEWS
The fast-paced life that we are currently going through gives birth to hundreds of lifestyle ailments. Every organ in our body is liable to get affected due to our unhealthy ... Read more »
He emphasised on the need for fair and democratic board discussions, where every director has an opportunity to express their views. NEW DELHI: Reserve Bank of India (RBI) Governor Shaktikanta ... Read more »
American delegation visits POK, US envoy says ‘also went to Kashmir for G20’ US Ambassador to India, Eric Garcetti, has drawn parallels between the American delegation visiting Kashmir during G20 ... Read more »
RBI dy governor M Rajeshwar Rao The central government on Monday extended the term of M Rajeshwar Rao as the Reserve Bank of India’s (RBI) Deputy Governor by one year. ... Read more »
AICC chairman, Media & Publicity Department, Pawan Khera briefs the media NEW DELHI: The Congress on Tuesday responded to Prime Minister Narendra Modi’s criticism of the party in his election speeches in ... Read more »
(NOTE: This article was published in the INDIA TODAY edition dated December 7, 2015) A little over a year ago, the marbled lobbies of five-star hotels and colonial clubs in ... Read more »
jaishankar speech at unga highlights: what’s india’s role in the world as a global superpower India EAM S Jaishankar addressed the United Nations General Assembly (UNGA) on Tuesday. The 68-year-old ... Read more »
Decoding Strict Parenting: 12 Tips To Help Kids To Boost Emotional Well-Being Strict parenting in India often stems from deeply ingrained cultural and traditional beliefs, emphasizing discipline, obedience, and academic ... Read more »
Study by Wallethut ranks Utah as happiest state, West Virginia as unhappiest and Hawaii as top in emotional & physical well-being. Americans are a stressed, depressed and unhappy. Even though, ... Read more »
The initial public offering (IPO) of paracetamol manufacturer Valiant Laboratories will open for subscription on Wednesday, September 27. The issue will conclude on October 3 next week and the anchor ... Read more »
People visit Semicon Taiwan in Taipei, Taiwan September 6 NEW DELHI: India and Taiwan are looking to sign an agreement on migration and mobility as early as next month to help ... Read more »
Journey through India’s diverse tea landscape with our guide to 7 exceptional teas, each steeped in history and flavor. 7 types of tea you can get across India Explore India’s ... Read more »
NEW DELHI: Amid India’s diplomatic row with Canada, external affairs minister S Jaishankar on Tuesday asked the UN member states not to allow “political convenience” to determine responses to “terrorism, ... Read more »
Amazon Great Indian Festival sale: Best deals on Apple iPhone 15, OnePlus 11 5G, Realme Narzo 60 Pro and more Amazon Great Indian Festival sale is likely to go live ... Read more »
‘Territorial Integrity Can’t be Cherry-picked’: Jaishankar’s Fiery Message to Pakistan, China at UNGA External Affairs Minister S Jaishankar targeted China and its all-weather ally Pakistan during the speech at the ... Read more »
The minister said India’s energy transition programme is at the top in the world. The renewable energy capacity addition in the country is the fastest in the world. NEW DELHI: ... Read more »
Indian Restaurants In Canada: Diwali is a festival of lights celebrated by Hindus all over the world. Canada is a multicultural country that embraces different religions and cultures. Diwali is ... Read more »
The trend of online shopping for home décor items is picking up very fast. Consumers are spoiled for choices when it comes to online shopping for home décor items. Pavnendra ... Read more »
To access UPI-ATM, you’ll require a smartphone with a UPI app and a registered UPI ID. Cardless cash withdrawal from an Aadhar-enabled ATM requires linking Aadhar to your bank account. ... Read more »
Davis Cup is not a job: Rohan Bopanna Doubles veteran says he misses the camaraderie now NEW YORK: Rohan Bopanna bids adieu to Davis Cup with mixed feelings – a ... Read more »
Jharkhand To Get First Vistadome Coach Equipped Intercity Express On Tuesday Jharkhand’s first intercity express with a Vistadome coach will be inaugurated on Tuesday, a senior railway official said. The ... Read more »
Anand Mahindra remembers his company’s first EV, made 24 years ago Companies like BYD and Tesla dominate the global electric vehicle (EV) market today. However, long before these international firms ... Read more »
US govt halts flight of Musk’s Starship, suggest 63 changes to behemoth rocket Elon Musk’s SpaceX is facing a series of regulatory hurdles before it can relaunch its ambitious Starship ... Read more »
SAMHI Hotels IPO to open on Sept 14; check price band, lot size & other details The initial public offering (IPO) of SAMHI Hotels will open for bidding on Thursday, ... Read more »
Ratnaveer Precision vs Rishabh Instruments market listing: All you need to know Ratnaveer Precision Engineering Limited and Rishabh Instruments Limited both made their stock market debuts on Monday, but they ... Read more »
As the Saudi Crown Prince undertakes a state visit to India, Delhi and Riyadh have explored the possibility of offering artist residencies and holding joint training programmes in cultural domains ... Read more »
another minister goes missing from xi’s cabinet, where is china’s defence minister li shangfu? Beijing: Ministers from Chinese President Xi Jinping’s cabinet seem to keep disappearing. After the absence of ... Read more »
DFC Board Approves $425 Million Financing for Tata Power’s 4.3 GW Solar Plant and Module Manufacturing Plant In Tamil Nadu The U.S. International Development Finance Corporation’s (DFC) Board of Directors ... Read more »
not virat kohli or jasprit bumrah! steve smith feels 36-year-old rohit sharma will be x-factor for india in odi world cup 2023 Former Australian skipper Steve Smith, who was part ... Read more »
Project Samudrayaan: Submersible Matsya to take a dip in Bay of Bengal next year After a successful mission to Moon, Indian scientists are preparing, under project Samudrayaan, to send three ... Read more »