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Published on 11/4/2008 in the Prospect News Emerging Markets Daily.

India's Icici Bank buys back $5 million of floaters due 2012

By Devika Patel

Knoxville, Tenn., Nov. 4 - Icici Bank Ltd. said it has bought back a total of $5 million of its floating-rate senior unsecured bonds due February 2012.

Icici said the repurchase was carried out through the open market. Dealers may have acted on behalf of the Mumbai, India-based retail lender.


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