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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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