Medco energizes Asian high yield market

What a difference a year makes as PT Medco Energi underlines Indonesia''s return to favour.

A $250 million 144a bond offering combined with a consent solicitation and exchange offering was completed in New York last night Thursday to considerable acclaim. With an order book of $1.2 billion and roll call of 120 investors, the new seven put five deal led by Credit Suisse First Boston and UBS Warburg can be considered nothing short of a resounding success.

This is particularly the case when compared to the EP company's previous deal priced almost...

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