Rare Indonesian CB delights investors as Medco gets $177m

11 May 2006

Indonesia's leading oil and gas producer, Medco Energi Internasional, took the market by surprise on Monday by launching a $176.9m convertible bond, led by Credit Suisse and Deutsche Bank.

The bonds traded up from 100.00 to 101.50 bid as investors responded to the deal's rarity value.

The zero coupon, five ...

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