ICICI bank bought back bonds worth $90.88 mn
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.
OneIndia News
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Story first published: Wednesday, April 1, 2009, 18:58 [IST]