Jakarta - PT Perusahaan Gas Negara Tbk (PGAS) has completed a faster repayment of bonds tendered for an aggregate amount of US$400 million on December 14, 2022.

According to PGAS Corporate Secretary Rachmat Hutama, the purchase price of the notes was US$1,005.5 for every US$1 of the principal amount of the notes.

"The tender offer period, which started on November 28 2022, will end at 23.59 New York time on December 23," said Rachmat in an information disclosure on  Friday (12/16).

He continued that because the aggregate principal amount of debt securities legally tendered earlier or at the accelerated tender deadline has exceeded the maximum amount of repurchases, and bonds tendered after the tender deadline has been accelerated or before the tender deadline will not be accepted for purchase by the company.

"Instead, it will be returned by the company at no cost to the debt holders who are conducting the tender," he a