ICICI Bank has successfully priced USD 500 million in Senior Unsecured Fixed Rate Notes under its USD 7.5 billion Global Medium Term Note Programme. The notes carry a coupon of 5.308% and have a tenure of 3 years, with an allotment date of September 3, 2026, and maturity on September 3, 2029. Proceeds will be used for general corporate purposes.
ICICI Bank Issues USD 500 Million Senior Notes
ICICI Bank, acting through its IFSC Banking Unit, announced today the successful pricing of its USD 500 million Senior Unsecured Fixed Rate Notes. This issuance is part of the Bank’s broader USD 7.5 billion Global Medium Term Note Programme. The pricing was conducted at 9:55 a.m. IST on August 31, 2026.
Key Issuance Details
The newly issued notes carry a fixed coupon rate of 5.308% per annum. The tenure of the instrument is 3 years, with an allotment date set for September 3, 2026, and a maturity date of September 3, 2029. Interest payments are scheduled for March 3 and September 3 each year.
Use of Proceeds and Listing
The net proceeds generated from this note issuance will be utilized by ICICI Bank for its general corporate purposes, in alignment with relevant regulatory guidelines. The Bank intends to list these 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.
Disclaimer for US Investors
It is important to note that these securities are not for distribution in the United States. They have not been registered under the U.S. Securities Act of 1933 and may not be offered or sold in the United States without an exemption from registration or in a transaction not subject to U.S. securities laws.
Source: BSE
