ICICI Bank Prices USD 500 Million Senior Unsecured Notes
ICICI Bank priced USD 500 million Senior Unsecured Fixed Rate Notes under its USD 7.5 billion GMTN program. The 3-year notes, maturing Sept 3, 2029, offer a 5.308% coupon. Proceeds will fund general corporate purposes. Allotment is on Sept 3, 2026.
The issuance of debt impacts the bank's capital structure and financial leverage, which can have a medium-term effect on its financial metrics and operational capacity.
The announcement is a routine debt issuance and does not contain information that would significantly alter the bank's financial standing or future prospects, hence it is neutral.
ICICI Bank Limited, through its IFSC Banking Unit, has priced USD 500 million in Senior Unsecured Fixed Rate Notes. The issuance is part of the Bank's USD 7.5 billion Global Medium Term Note Programme. The Notes, with a 3-year tenure, will mature on September 3, 2029, and carry a coupon of 5.308%. Interest payments are scheduled for March 3 and September 3 annually. The net proceeds from this issuance will be utilized for the Bank's general corporate purposes, adhering to relevant regulatory guidelines. The Notes are proposed to be listed on the Global Securities Market of India International Exchange IFSC Limited, the Debt Securities Market of NSE IFSC Limited, and SGX-ST. The pricing of the Notes occurred at 9:55 a.m. IST on August 31, 2026, with the allotment date set for September 3, 2026.
A plain-language summary of a public exchange filing by ICICI Bank Limited. Read the original for the full detail.