India's Icici Bank repurchases, cancels $50 million of 6 5/8% bonds

By Devika Patel

Knoxville, Tenn., April 3 - Icici Bank Ltd. said it has bought back and canceled $50 million of its $2 billion issued 6 5/8% bonds 2012.

Icici issued the bonds through its Bahrain branch on Oct. 3, 2007 on a stand-alone basis.

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

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