Indika repurchases $29.02 million 5 7/8% notes due 2024

By Mary-Katherine Stinson

Lexington, Ky., Oct. 12 – Indika Energy Capital III Pte. Ltd., through PT Indika Energy Tbk, repurchased a portion of its outstanding 5 7/8% senior notes due 2024 (ISINs: US45569FAA21, USY39694AA51), according to a notice.

Approximately $29,019,000 of the notes were repurchased in the open market, representing about 5.05% of the initial principal.

After cancellation, $333,377,000, or 57.98%, will remain outstanding.

Indika is an energy company based in Jakarta, Indonesia.

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