PT Medco Energi roadshows rare Indonesian dollar bond

The Republic''s third largest oil company sets out to raise $150 million from a fixed rate bond issue.

Presentations began in Jakarta on Monday for a five-year Reg S deal led by Credit Suisse First Boston. After roadshowing through Asia this week and Europe next week, the deal is scheduled to price the week beginning March 4.

If successful, the deal - to be issued in the name of MEI Euro Finance Ltd - will set an important new benchmark for corporate Indonesia. There is currently just one outstanding fixed rate bond from the corporate sector - a $65.9 million 8.375% June 2006 issue for PT Sampoerna one issue from the banking sector - a $145 million 7.625% January 2007 issue for Bank Negara Indonesia - and one sovereign issue - a $400...

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