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Published on 12/10/2018 in the Prospect News Emerging Markets Daily.

India’s Icici Bank approves plan to sell long-term, perpetual bonds

By Devika Patel

Knoxville, Tenn., Dec. 10 – Icici Bank Ltd. informed the Bombay Stock Exchange that it approved a plan to issue senior unsecured long-term bonds or Basel III compliant unsecured subordinated perpetual additional Tier 1 bonds in one or more tranches at a committee of executive directors meeting on Dec. 10.

Icici Bank is based in Mumbai.


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