ICICI Bank completed the issuance of USD 1 billion of Senior Unsecured Fixed Rate Notes on July 30, 2026. The notes were priced at a coupon rate of 5.459% on July 24, 2026, under the bank's USD 7.5 billion Global Medium Term Note Programme. The issuance strengthens the bank's funding profile by accessing international debt markets for general corporate purposes.

The completion was disclosed under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notes are structured as 144A/RegS Registered, Category 1 drawdowns. Proceeds will be utilized for general corporate purposes in accordance with relevant regulatory guidelines.

Instrument Details

The notes carry a tenure of five years, with an allotment date set for July 30, 2026, and a maturity date of July 30, 2031. Interest payments are scheduled semi-annually on July 30 and January 30 each year until maturity. The instruments are unsecured and do not create any charge over the bank's assets. The notes have been assigned credit ratings of BBB by S&P Global Ratings and Baa3 by Moody's Ratings. Key instrument details are summarised below:

Listing and Distribution

The notes are listed on multiple international platforms, including the Global Securities Market of the India International Exchange IFSC Limited, the Debt Securities Market of the NSE IFSC Limited, and SGX-ST. Copies of the disclosure were also sent to the New York Stock Exchange, Singapore Stock Exchange, Japan Securities Dealers Association, and SIX Swiss Exchange Ltd.

The issuance is not for distribution in the United States. The securities have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the US except pursuant to an exemption from registration requirements. There is no intention to register these securities in the United States or make a public offering there.

What the Numbers Show

The successful completion of the USD 1 billion issuance underscores sustained investor confidence in ICICI Bank's credit profile. By utilizing its IFSC Banking Unit, the bank accesses offshore funding at competitive rates, diversifying its liability base beyond domestic deposits. The unsecured nature of the notes, supported by investment-grade ratings from S&P Global Ratings and Moody's Ratings, indicates strong standalone credit strength, allowing the bank to raise capital without pledging specific assets.

icici bank witnessed a notable block trade on the National Stock Exchange (NSE), with approximately 1,05,141 shares transacted at a price of ₹1439.00 per share, aggregating to a total deal value of ₹15.13 crores.

Block Trade Details

The following table summarises the key parameters of the block trade recorded on the NSE:

Block trades are large, privately negotiated securities transactions that are executed outside of the open market, typically involving institutional investors or significant market participants. Such trades are reported separately on exchanges due to their size and potential market impact.