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Published on 11/17/2008 in the Prospect News Emerging Markets Daily.

Icici Bank buys back $30 million floating-rate notes due 2010, 2012

By Devika Patel

Knoxville, Tenn., Nov. 17 - Icici UK Bank Ltd. said it bought back $10 million of its $500 million in floating-rate notes due 2010 and $20 million of its $500 million in floating-rate notes due 2012.

The company said it may repurchase more of the bonds in future transactions.

Icici Bank, based in Mumbai, India, is a commercial bank.


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