Thursday, April 3, 2008

ICICI Bank - Repurchase & Subsequent Extinguishment Of Bonds

ICICI Bank Ltd has informed that the Bank has repurchased and subsequently extinguished bonds aggregating to the face value US $ 50 million out of the US $ 2 billion 6.625% bonds due on 2012 issued from its Bahrain Branch on October 03, 2007 on a stand-alone basis.
The repurchase is carried out through open market purchases by a dealer acting on behalf of the Bank.

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