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Banking & Finance
ICICI Bank buys back bonds worth $90.88 m

MUMBAI: Private sector lender ICICI Bank on Wednesday said it has bought back bonds worth $90.88 million (Rs 460 crore) at face value from its Bahrain branch.

In a filing to the Bombay Stock Exchange, ICICI Bank said it has repurchased bonds in their face value, aggregating to $75.88 million, out of the $2 billion bonds.

Besides, the private sector lender has also bought back bonds valued $15 million, out of the $750 million, the filing added.

The value of the bonds bought back aggregates to $90.88 million. The repurchase was carried out through open market purchases by dealers acting on behalf of ICICI Bank, it added.

The bonds, which were issued in 2007, were scheduled to mature in 2012. Shares of ICICI Bank were trading at Rs 346.80, up 4.27 per cent on the BSE. - PTI

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