Loan & Debt24 Jul 2026, 08:34 am
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. These notes are part of the bank's USD 7.5 billion Global Medium Term Note Programme. The issuance is registered under 144A/RegS and is proposed to be listed on the India International Exchange IFSC Limited, NSE IFSC Limited, and SGX-ST. The notes have a tenure of 5 years, with an allotment date of July 30, 2026, and a maturity date of July 30, 2031. The coupon rate is 5.459% per annum, with interest payable semi-annually. Proceeds will be used for general corporate purposes.
Key Highlights
- ICICI Bank priced $1 billion in Senior Unsecured Fixed Rate Notes.
- Notes are part of a $7.5 billion Global Medium Term Note Programme.
- 5-year tenure with a 5.459% coupon rate.
- Proceeds for general corporate purposes.
- Proposed listing on multiple international exchanges.
Price Impact
More from ICICIBANK