(Caption for Spotlight column. Client: PT Medco Energi

(Caption for Spotlight column. Client: PT Medco Energi
Internasional Tbk. Publication date: Wednesday, June 25, 2003)

CLOSING CEREMONY FOR MEDCO BOND OFFER: John Pratt, managing
director of Credit Suisse First Boston; Sugiharto, chief
financial officer of Medco Energi; Hilmi Panigoro, CEO of Medco
Energi; and Ranobir Mukherji, managing director of UBS Investment
Bank (left to right), are pictured during the closing ceremony
for Medco's bond offer. The bond offer by PT Medco Energi
Internasional Tbk totaled US$250,000,000 and US$75,411,000
(exchange offer) with coupons at the rate of 8.75 percent
annually, payable every semester.