ICICI Bank to redeem $340 million in debt securities
It said, “ICICI Bank has notified the trustee that all outstanding 7.25% perpetual non-cumulative subordinated debt securities (the Notes) of the bank will be redeemed fully on October 31, 2016, at a redemption price equal to 100% of the principal amount thereof plus accrued and unpaid interest to (but not including) the redemption date.”
ICICI Bank on Monday said that it has obtained the regulatory approvals for redeeming its 7.25% perpetual non-cumulative subordinated debt securities on October 31, 2016. Photo: Youtube