Loan & Debt24 Aug 2026, 06:20 pm
ICICI Bank Prices $1 Billion Senior Unsecured Notes
AI Summary
ICICI Bank Limited, through its IFSC Banking Unit, has priced USD 1 billion in Senior Unsecured Fixed Rate Notes under its USD 7.5 billion Global Medium Term Note Programme. The notes carry a coupon of 5.410% and mature in five years on August 27, 2031. Moody's assigned a 'Baa3' rating and S&P Global Ratings assigned a 'BBB' rating to the notes. The net proceeds will be used for general corporate purposes. The notes are proposed to be listed on the Global Securities Market of India International Exchange IFSC Limited, Debt Securities Market of NSE IFSC Limited, and SGX-ST.
Key Highlights
- ICICI Bank priced $1 billion Senior Unsecured Fixed Rate Notes.
- Notes mature in 5 years with a 5.410% coupon rate.
- Moody's rated Baa3 and S&P rated BBB.
- Proceeds to be used for general corporate purposes.
- Proposed listing on India INX, NSE IFSC, and SGX-ST.
Price Impact
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