ICICI Bank Prices USD 300 Million in Senior Unsecured Notes under Global Medium Term Note Programme
ICICI Bank Limited, through its IFSC Banking Unit, has priced a tranche of Senior Unsecured Fixed Rate Notes amounting to USD 300 million. This issuance forms part of the Bank's larger USD 7.5 billion Global Medium Term Note Programme.The pricing of these notes was completed on August 6, 2026, at 5:45 p.m. The proceeds from the issue of the Notes are designated for the Issuer's general corporate purposes, in line with relevant regulatory guidelines.
These USD denominated Senior Unsecured Fixed Rate Notes were issued via a RegS Drawdown under the ongoing Global Medium Term Note Programme.
Key details regarding the notes and the transaction are presented below:
| Particulars | Details |
|---|---|
| Issuer | ICICI Bank Limited, acting through its IFSC Banking Unit |
| Type of Securities | USD Senior Unsecured Fixed Rate Notes |
| Size of the Issue | USD 300 million |
| Use of Proceeds | General corporate purposes |
| Tenure | 5 years |
| Allotment Date | August 13, 2026 |
| Date of Maturity | August 13, 2031 |
| Coupon Rate | 5.352% |
| Security Status | Unsecured |
The Bank has proposed to list the notes at both the Global Securities Market of the India International Exchange IFSC Limited and the Debt Securities Market of the NSE IFSC Limited. The Notes are structured as fixed-rate instruments, with interest payment dates scheduled for February 13 and August 13 each year up until maturity.
ICICIBANK Stock Price Movement
ICICI Bank Limited stock closed on Thursday having climbed slightly, settling at ₹1457.5 after edging up 0.51%. The equity traded a volume of 14.95 million shares during the session, successfully holding above the day's low mark of ₹1448.3.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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