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Published on 4/1/2009 in the Prospect News Emerging Markets Daily and Prospect News Investment Grade Daily.

ICICI Bank buys back some 6 5/8% bonds due 2012, 5¾% bonds due 2012

By Devika Patel

Knoxville, Tenn., April 1 - ICICI Bank Ltd. said it bought back and extinguished $75.88 million of its $2 billion in 6 5/8% bonds due 2012 and $15 million of its $750 million in 5¾% bonds due 2012 in open-market purchases. Both tranches were issued through the bank's Bahrain branch.

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


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