ICICI Bank priced USD 1 billion in senior unsecured fixed rate notes on August 24, 2026. The issuance was executed through the bank’s IFSC Banking Unit under its USD 7.5 billion Global Medium Term Note Programme.

The notes carry a coupon of 5.410% and mature in five years. Moody’s Ratings assigned a ‘Baa3’ rating, while S&P Global Ratings assigned a ‘BBB’ rating to the issuance.

Issuance Details

The bank will use the net proceeds for general corporate purposes, in accordance with relevant regulatory guidelines. The 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.

Interest payments will be made semi-annually, starting from the allotment date until maturity. The instrument is unsecured and carries no special rights or privileges.

What the Numbers Show

The pricing of the notes at a 5.410% coupon reflects the current cost of raising long-term foreign currency debt for the lender. With a five-year tenure, the issuance extends the bank’s liability profile, providing stable funding for general corporate purposes without creating immediate repayment pressure.

ICICI Bank Limited has scheduled investor interactions for late August 2026. The bank will hold group meetings with Morgan Stanley and Goldman Sachs to discuss publicly available documents.

The disclosures were made under Regulation 30 read with para A of Schedule III and Regulation 46(2) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Vivek Ranjan from the leadership team signed the notice dated August 24, 2026.

Schedule of Investor Meets

The bank will refer only to publicly available documents during these discussions. The investor relations team is based at ICICI Bank Towers in Mumbai.