ICICI Bank has successfully priced USD 1 billion in Senior Unsecured Fixed Rate Notes. These notes are part of the Bank’s USD 7.5 billion Global Medium Term Note Programme. The issuance, priced at 1:33 a.m. IST on July 24, 2026, carries a coupon rate of 5.459%. The proceeds will be utilized for the Bank’s general corporate purposes, adhering to regulatory guidelines. The notes are set to mature on July 30, 2031.
ICICI Bank Announces Pricing of USD 1 Billion Notes
ICICI Bank Limited, acting through its IFSC Banking Unit, announced today, July 24, 2026, the pricing of USD 1 billion in Senior Unsecured Fixed Rate Notes. These notes have been issued under the Bank’s existing USD 7.5 billion Global Medium Term Note Programme. The pricing occurred at 1:33 a.m. IST.
Key Details of the Note Issuance
The newly issued notes are denominated in USD and are categorized as Senior Unsecured Fixed Rate Notes. They are structured as a Category 1 Drawdown under the existing Programme. The total size of this specific issuance is USD 1 billion.
The net proceeds generated from the issuance of these Notes will be allocated by the Issuer towards its general corporate purposes, in strict accordance with relevant regulatory guidelines.
Maturity and Coupon Information
The tenure of the instrument is 5 years, with an allotment date of July 30, 2026, and a maturity date of July 30, 2031. The Notes will bear a coupon rate of 5.459%. Interest payments are scheduled to be made on 30 July and 30 January each year, up to and including the date of maturity.
The Notes are unsecured, meaning no specific charge or security has been created over the assets of the Bank.
Listing and Distribution Details
These Notes are proposed to be listed on the Global Securities Market of the India International Exchange IFSC Limited, the Debt Securities Market of the NSE IFSC Limited, and SGX-ST. The announcement also reiterates that the Notes are NOT FOR DISTRIBUTION IN THE UNITED STATES and have not been registered under the United States Securities Act of 1933.
Source: BSE
