Indonesian energy company Indika Energy bought back $30.94mn of its outstanding 8.25% 2025s on the open market bringing the new outstanding value of the notes at $567.94m. The price at which it bought back the notes was not revelaed. Indika Energy Capital IV is the issuer of the 2025s, guaranteed by Indika Energy. This follows its $56.7mn buyback of the notes under a tender offer in July.
Indika Energy’s 8.25% 2025s are trading at 98.88, yielding 8.7%.