ICICI bank bought back bonds worth $90.88 mn

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ICICI Bank
Mumbai, Apr 1: One of India's largest private sector lender ICICI Bank bought back bonds worth $90.88 million (Rs 460 crores) at a face value from its Bahrain branch. The bank in a filing to the Bombay Stock Exchange (BSE) said it has re-purchased bonds in their face value, aggregating to $75.88 million out of the $2 billion bonds.

ICICI repurchased the bonds through open market purchases by dealers acting on behalf of the bank. Issued in 2007, the bond were scheduled to mature in 2012.

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