ICICI Bank repurchases bonds worth $50 mn

Mumbai, Mar 23: India's largest private sector lender, ICICI Bank today said it has repurchased bonds worth USD 50 million from its Bahrain branch on a stand alone basis. The Bank has repurchased and subsequently extinguished bonds aggregating to the face value USD 50 million out of the USD 750 million 5.75 per cent bonds due 2012 issued from its Bahrain branch on January 12, 2007, ICICI Bank said.

The repurchase is carried out through open market purchases by a dealer acting on the behalf of the Bank, it added.

UNI