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India’s Icici Bank to consider sale of Basel 3 compliant tier 1 bonds
By Sarah Lizee
Olympia, Wash., Sept. 11 – Icici Bank Ltd. informed the Bombay Stock Exchange that it may issue Basel 3 complaint unsecured subordinated perpetual additional tier 1 bonds in one or more tranches.
The private placement will be considered by the bank’s committee of executive directors at a meeting on Tuesday, according to the company notice.
Icici Bank is based in Mumbai.
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