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Published on 12/3/2008 in the Prospect News Emerging Markets Daily.

Icici Bank buys back $17.41 million floating-rate notes due 2010, 2012

New York, Dec. 3 - Icici UK Bank Ltd. said it bought back $6.2 million of its $500 million in floating-rate notes due 2010 and $11.21 million of its $500 million in floating-rate notes due 2012.

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

On Nov. 17, Icici announced buying back $10 million of the floaters due 2010 and $20 million of the floaters due 2012. On Nov. 4 it said it bought back $5 million of the floaters due 2012. And on Oct. 30 it said it repurchased $17 million of the floaters due June 2010 and $39 million of the floaters due February 2012.

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


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