ICICI Bank Limited has successfully priced USD 750 million in Senior Unsecured Fixed Rate Notes. These notes were issued under the Bank’s USD 7.5 billion Global Medium Term Note Programme. The issuance, priced on August 18, 2026, will mature in 5 years with a coupon rate of 5.417%. The net proceeds will be utilized for general corporate purposes.
ICICI Bank Prices USD 750 Million Senior Unsecured Notes
ICICI Bank Limited, through its IFSC Banking Unit, announced the pricing of USD 750 million in Senior Unsecured Fixed Rate Notes on August 18, 2026. These notes are part of the Bank’s established USD 7.5 billion Global Medium Term Note Programme.
Key Issuance Details
The newly issued notes carry a coupon rate of 5.417% and have a tenure of 5 years. The allotment date is set for August 21, 2026, with the maturity date on August 21, 2031. Interest payments will be made semi-annually, on February 21 and August 21, each year, up to the maturity date. The notes are unsecured, meaning no specific collateral has been pledged against them.
Use of Proceeds
The net proceeds generated from this issuance will be directed towards the Bank’s general corporate purposes, in accordance with applicable regulatory guidelines. This strategic move aims to strengthen the Bank’s funding profile and support its ongoing business operations.
Listing Plans
The Bank intends to list these Senior Unsecured Fixed Rate Notes on the Global Securities Market of the India International Exchange IFSC Limited, the Debt Securities Market of the NSE IFSC Limited, and the SGX-ST (Singapore Exchange Securities Trading Limited). This listing will enhance the liquidity and accessibility of the notes for investors.
Source: BSE
