New Hope Corporation (ASX:NHC) has completed the settlement of a reverse book-build transaction and has resumed its on-market equity buy-back.

It has repurchased approximately $75M of principal amount of its $200M 2.75% senior convertible notes for an aggregate consideration of $258.1M that are due to mature in 2026.

Following settlement of the Note Repurchase, it'll resume its on-market ordinary share buy-back, subject to prevailing share price and market conditions. 

Shares of New Hope Corporation are up 10% at 1:16pm AEST.