Perusahaan Gas Negara repurchases $53.44 million of 5 1/8% notes

By Mary-Katherine Stinson

Lexington, Ky., Sept. 25 – PT Perusahaan Gas Negara Tbk. announced the repurchase and cancellation of a portion of its 5 1/8% senior notes due 2024 (Cusip: Y7136YAA8, 69367PAA4).

The company recently purchased $53.44 million, or 3.96%, of the notes in the open market.

After cancellation, $396,709,000 in aggregate principal amount of the notes remain outstanding.

In May, the company had accepted $499,851,000, or 52.62%, of the $950 million outstanding notes for purchase via a tender offer.

The issuer is a Jakarta, Indonesia-based natural gas transportation and distribution company.

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