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Icici Bank buys back $27 million notes
New York, Dec. 18 - Icici UK Bank Ltd. said it bought back $12 million of its $500 million in floating-rate notes due 2010 and $15 million of its $150 million of perpetual subordinated notes callable in 2016.
The company said it may repurchase more of the bonds in future transactions.
On Dec. 3, Icici announced 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. On Nov. 17, it said it repurchased $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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