ICICI Bank Completes USD 750 Million Senior Unsecured Fixed Rate Note Issuance
ICICI Bank Limited has completed the issuance of USD 750 million in Senior Unsecured Fixed Rate Notes as part of its larger funding strategy. This successful issuance falls under the framework of the bank's USD 7.5 billion Global Medium Term Note Programme.The notes, which were issued by ICICI Bank through its IFSC Banking Unit, secured ratings from major international agencies. The security received a BBB rating from S&P Global Ratings and a Baa3 rating from Moody's Ratings.
These newly issued notes are slated for listing across multiple global markets. They will be listed on the Global Securities Market of the India International Exchange IFSC Limited and the Debt Securities Market of the NSE IFSC Limited, as well as SGX-ST.
The issuance signifies a material step in ICICI Bank’s international debt market activity, reinforcing its capabilities within the global fixed income segment.
Key details regarding the note offering are summarized below:
| Detail | Value |
|---|---|
| Amount Issued | USD 750 million |
| Programme Size | USD 7.5 billion |
| Rating (S&P Global Ratings) | BBB |
| Rating (Moody's Ratings) | Baa3 |
ICICIBANK Stock Price Movement
On Friday, ICICI Bank Limited shares edged higher, gaining 0.57% to settle at ₹1420 in market trading. The bank's stock saw significant activity during the session, with a volume of 4.57 million shares traded.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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