ICICI Bank Issues USD 1 Billion Senior Unsecured Fixed Rate Notes under Global Medium Term Note Programme
ICICI Bank Limited, operating through its IFSC Banking Unit, has successfully priced and issued USD 1 billion worth of Senior Unsecured Fixed Rate Notes. This issuance forms part of the Bank's larger USD 7.5 billion Global Medium Term Note Programme. The pricing was completed on July 24, 2026.The newly issued Notes are denominated in US dollars (USD) and are unsecured. The net proceeds generated from the issue of these Notes are designated for the Issuer's general corporate purposes, consistent with relevant guidelines.
Key Transaction Details
A comprehensive look at the terms and structure of the Notes is provided below:| Particular | Detail |
|---|---|
| Issuer | ICICI Bank Limited (IFSC Banking Unit) |
| Type of Securities | USD denominated Senior Unsecured Fixed Rate Notes |
| Issue Size | USD 1 billion |
| Tenure | 5 years |
| Allotment Date | July 30, 2026 |
| Date of Maturity | July 30, 2031 |
| Coupon Rate | 5.459% |
| Interest Payment Schedule | Semi-annually on July 30 and January 30 up to the maturity date |
Listing Plans and Security Details
The Notes have been set for listing in various global markets. The security is proposed for listing at the Global Securities Market of the India International Exchange IFSC Limited, the Debt Securities Market of the NSE IFSC Limited, and SGX-ST.Details regarding the debt instrument include:
- Charge: The notes are unsecured.
- Rights and Privileges: No special rights or privileges were attached to the instrument.
- Redemption: Redemption will take place on the date of maturity.
ICICIBANK Stock Price Movement
Shares of ICICI Bank Limited slipped by 0.51% on Thursday, shedding ₹7.30 and closing at ₹1434.60. The equity saw considerable activity during the trading session, with a total volume recorded across 12.41 million shares.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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