Icici Bank UK buys back $26.65 million of four series of notes

By Jennifer Chiou

New York, Nov. 19 - Icici Bank informed the Singapore Exchange Securities Trading Ltd. that Icici Bank UK plc repurchased and subsequently extinguished a total of $26.65 million of its notes.

The repurchases included $8.85 million of its $500 million senior floating-rate notes due June 2010, $2.8 million of its $500 million senior floating-rate notes due February 2012, $10 million of its $25 million of bonds callable in 2011 and $5 million of its $150 million of perpetual subordinated notes callable in 2016.

The repurchased bonds were acquired in open-market purchases.

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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