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India’s Icici Bank calls all 7¼% perpetual subordinated notes
New York, Oct. 12 – Icici Bank Ltd. said it will redeem all $340 million of the 7¼% perpetual non-cumulative subordinated debt securities that were issued through its Bahrain branch.
The debt will be repaid on its first call date of Oct. 31 at par plus accrued interest up to but excluding the redemption date, according to a notice.
Icici Bank is based in Mumbai.
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