India’s Icici Bank approves plans to issue long-term senior debentures

By Susanna Moon

Chicago, June 20 – Icici Bank Ltd. notified the Bombay Stock Exchange that it will issue senior long-term bonds by way of private placement.

The notes may be sold in one or more tranches, according to a company notice.

The issue was approved at the board meeting held Tuesday.

Icici Bank is based in Mumbai.

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