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ICICI Bank to redeem US$750M of debt securities

ICICI Bank Ltd. will redeem all outstanding US$750 million fixed- to floating-rate debt securities.

The notes, which carry a coupon of 6.375%, will be redeemed in full on April 30, the bank said in a Form 6-K filed March 29.

The redemption price will be US$1,031.88 for each US$1,000 of notes.