Icici Bank buys back $46.5 million notes

New York, March 30 - Icici Bank UK plc announced it bought back a total of $46.5 million of its notes.

The repurchases included $17.5 million of its $500 million senior floating-rate notes due 2012, $14 million of its $500 million senior floating-rate notes due 2010 and $15 million of its $150 million of perpetual subordinated notes callable in 2016.

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

With the buybacks, Icici has not repurchased $60 million in total of the subordinated perpetual notes.

The company, which has been steadily buying back its debt, 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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