Indonesian energy giant PT Medco Energi Internasional (MEDC) has secured a US$500 million (Rp8.4 trillion) loan facility − through two of its subsidiaries, Medco E&P Grissik Ltd (MEPG) and Far East Energy Trading Pte. Ltd (FEET).
According to a public disclosure submitted to the Indonesia Stock Exchange (IDX), the two subsidiaries are designated as the loan recipients, while Medco itself acts as the guarantor. The loan agreement was signed on June 26, 2025, with participation from prominent financial institutions, including Australia and New Zealand Banking Group Limited (Singapore Branch), ING Bank N.V. (Singapore Branch), MUFG Bank Ltd., and Standard Chartered Bank (Singapore) Limited.
The loan qualifies as a material transaction as its value exceeds 20 percent of the company’s equity. Medco said that the facility is part of its medium-term funding strategy, intended to strengthen its capital structure and support future business expansion. The facility carries a maturity date of September 30, 2028.
The company’s Board of Commissioners and Directors confirmed that this is not an affiliated transaction nor one that involves any conflict of interest, in accordance with Indonesia’s Financial Services Authority (OJK) Regulation No. 42/2020.
In the market, Medco’s shares declined by 1.59 percent (20 points) to Rp1,240 during Wednesday’s early trading session (9:15 AM local time). Over the past week, the stock has mirrored this decline, though it has still posted a 12.73 percent gain year-to-date, with its highest price at Rp1,450 and lowest at Rp935.
Nafan Aji Gusta Utama, Senior Technical Analyst at Mirae Asset Sekuritas, advised investors to consider accumulating Medco shares gradually between Rp1,235 and Rp1,255, with upside targets at Rp1,270, Rp1,350, and Rp1,425. “Key support levels for MEDC are at Rp1,235 and Rp1,165,” Nafan said.
Tag
Already have an account? Sign In
-
Start reading
Freemium
-
Monthly Subscription
30% OFF$26.03
$37.19/MonthCancel anytime
This offer is open to all new subscribers!
Subscribe now -
Yearly Subscription
33% OFF$228.13
$340.5/YearCancel anytime
This offer is open to all new subscribers!
Subscribe now
Set up email notifications for these topics
