ICICI Bank extinguishes repurchased bonds worth US$ 75.875 million

ICICI Bank Ltd has announced that the Bank has repurchased and subsequently extinguished bonds aggregating to face value US $ 75.875 million out of the US $ 2 billion 6.625% bonds due 2012 issued on October 3, 2007 and US $15 million out of the US$ 750 million 5.75% bonds due 2012 issued on January 12, 2007 from its Bahrain Branch on a stand-alone basis.

The repurchase was carried out through open market purchases by dealers acting on behalf of ICICI Bank.

The stock was trading at Rs.339.35, up by Rs.6.75 or 2.03%. The stock hit an intraday high of Rs.343 and low of Rs.324.

The total traded quantity was 3742539 compared to 2 week average of 5393112.

Source : Equity Bulls

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