India’s second-largest private sector lender, ICICI Bank has made announcement that it has repurchased and subsequently extinguished bonds aggregating to the face value USD 50 million out of the USD 750 million 5.75% bonds due 2012 issued from its Bahrain Branch on Jan. 12, 2007 on a stand-alone basis.

The repurchase is accomplished via open market purchases by a dealer acting for the bank, it added.

Previously, the banking institution declared the repurchased and subsequently extinguished bonds aggregating to the face value USD 50 million.

These bonds were part of the USD 2 billion 6.625% bonds due on 2012 issued from its Bahrain Branch on Oct. 03, 2007 on a stand-alone basis.

Shares of the bank declined 0.21%, to settle at Rs 766.35. The total volume of shares traded was 1,746,832 at the BSE (Wednesday).