ICICI Bank repurchases $50mn bonds

ICICI Bank repurchases $50mn bonds

BS Reporter / Mumbai April 03, 2008

ICICI Bank has bought back bonds aggregating $50 million.

According to a release issued by the bank to the BSE today, the bonds have been repurchased through open market from its outstanding bond portfolio of $2 billion.

The bonds, with a coupon of 6.62% and due for redemption in 2012, were issued in 2007 from the bank