Icici Bank buys back $89.58 million total of three series of notes

By Jennifer Chiou

New York, Dec. 31 - Icici UK Bank Ltd. announced the repurchase of $5 million of its $150 million of perpetual subordinated notes callable in 2016, $79.58 million of its $2 billion of 6 5/8% bonds due 2012 and $5 million of its $750 million of 5¾% bonds due 2012.

The repurchased bonds, which were acquired in open-market purchases, were extinguished.

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

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

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.