JAKARTA. Indika Energy Capital IV Pte. Ltd., one of many subsdiaries of PT Indika Energy Tbk (INDY), has completed the buyback of some of its bonds worth USD 33.87 million.

The amount of bonds repurchased by Indika Capital is equal to 8.25% of total outstanding amount of USD 675 million. These bonds are set to mature in 2025.

“This transaction has no material impacts, but instead, it will increase the performance of the company,” Adi Pramono, Corporate Secretary of INDY, stated in the information disclosure in Indonesia Stock Exchange (IDX).

According to IDNFinancials data, INDY recorded cash and cash equivalent of USD 670.73 million as of September 30, 2023. The total assets were reported reaching USD 3.13 billion, while its total equity reached USD 1.36 billion.

It is worth mentioning that Indika Capital is a subsidiary under INDY that is engaged in the consultation and management service. This entity, operating since 2017, records total assets of USD 848.7 million. (KR/ZH)