STOCK TITAN

ICICI Bank prices $1B 5.41% 5-year senior notes

(Neutral)
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

ICICI BANK LTD (IBN) announced that ICICI Bank Limited, acting through its IFSC Banking Unit, has priced USD 1 billion Senior Unsecured Fixed Rate Notes under its USD 7.5 billion Global Medium Term Note Programme. The Notes have a 5-year tenure, with allotment on August 27, 2026 and maturity on August 27, 2031.

The Notes carry a fixed 5.410% coupon, payable on 27 February and 27 August each year until maturity. Moody’s assigned a Baa3 rating and S&P Global Ratings assigned a BBB rating. Net proceeds will be used for the issuer’s general corporate purposes in line with regulatory guidelines, and 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.

Positive

  • None.

Negative

  • None.

Filing Explained

The USD 1 billion notes have been priced, but allotment is scheduled for August 27, 2026; they are unsecured debt with principal due at maturity, so the disclosure establishes a borrowing obligation rather than an equity issuance.

Global Medium Term Note Programme size USD 7.5 billion Overall size of ICICI Bank’s Global Medium Term Note Programme
Issue size USD 1 billion Size of the Senior Unsecured Fixed Rate Notes issuance
Coupon rate 5.410% Fixed annual coupon on the Notes
Tenure 5 years From allotment on August 27, 2026 to maturity on August 27, 2031
Allotment Date August 27, 2026 Date on which the Notes will be allotted
Maturity Date August 27, 2031 Redemption date of the Notes
Moody’s rating Baa3 Credit rating assigned to the Notes by Moody’s Ratings
S&P Global rating BBB Credit rating assigned to the Notes by S&P Global Ratings
Global Medium Term Note Programme financial
"under the USD 7.5 billion Global Medium Term Note Programme of the Bank"
Senior Unsecured Fixed Rate Notes financial
"priced USD 1 billion Senior Unsecured Fixed Rate Notes (“Notes”)"
RegS Registered, Category 2 regulatory
"Type of issuance | RegS Registered, Category 2, Drawdown under the Bank’s"
IFSC Banking Unit regulatory
"ICICI Bank Limited (“Bank”), acting through its IFSC Banking Unit"
Global Securities Market of the India International Exchange IFSC Limited financial
"Proposed to be listed at Global Securities Market of the India International"

FAQ

What type of securities has ICICI BANK LTD (IBN) issued in this 6-K?

ICICI Bank has priced USD denominated Senior Unsecured Fixed Rate Notes of USD 1 billion, issued through its IFSC Banking Unit under its USD 7.5 billion Global Medium Term Note Programme.

What are the coupon and maturity details of ICICI BANK LTD (IBN)'s new notes?

The Notes carry a fixed 5.410% coupon with interest paid on 27 February and 27 August each year. They will be allotted on August 27, 2026 and mature on August 27, 2031, giving them a 5-year tenure.

How will ICICI BANK LTD (IBN) use the USD 1 billion note proceeds?

The filing states that the net proceeds from the USD 1 billion Notes will be used by the issuer for its general corporate purposes in accordance with relevant regulatory guidelines.

What credit ratings were assigned to ICICI BANK LTD (IBN)'s new notes?

Moody’s Ratings assigned a Baa3 rating and S&P Global Ratings assigned a BBB rating to the Notes, as per letters dated August 24, 2026.

On which exchanges are ICICI BANK LTD (IBN)'s new notes proposed to be listed?

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.

Are ICICI BANK LTD (IBN)'s new notes secured and were there any payment defaults disclosed?

The Notes are described as Unsecured. The disclosure states Nil for delay in payment of interest or principal for more than three months and Not applicable for any related comments or issues.

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Learn about SEC filing dates

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN ISSUER PURSUANT TO RULE 13a -16 OR

15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of August 2026

 


Commission File Number: 001-15002

 

ICICI Bank Limited
(Translation of registrant’s name into English)

 

ICICI Bank Towers,
Bandra-Kurla Complex
Mumbai, India 400 051
(Address of principal executive office)

 

Indicate by check mark whether the registrant files or will file
annual reports under cover Form 20-F or Form 40-F.

 

Form 20-F   X    Form 40-F      

 

 

 

 

Table of Contents

 

Items:

 

1. Others

 

 

 

 

 

OTHER NEWS

 

Subject: Disclosure under Indian Listing Regulations

 

IBN

ICICI Bank Limited (the Bank) Report on Form 6-K

 

The Bank has made the below announcement to the Indian Stock Exchanges:

 

This is to inform you that ICICI Bank Limited (“Bank”), acting through its IFSC Banking Unit, has, today at 10:45 a.m. IST priced USD 1 billion Senior Unsecured Fixed Rate Notes (“Notes”) under the USD 7.5 billion Global Medium Term Note Programme of the Bank. Details of the pricing of the Notes are provided in Annexure.  

 

Moody’s Ratings and S&P Global Ratings have vide letters dated August 24, 2026, assigned ‘Baa3’ and ‘BBB’ rating to the Notes respectively.

 

NOT FOR DISTRIBUTION IN THE UNITED STATES

 

This document is not an offer of securities for sale in the United States. Any securities referred to herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the “Securities Act”) or any United States state securities laws, and may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and in accordance with any applicable United States state securities laws. There is no intention to register any securities referred to herein in the United States or to make a public offering of the securities in the United States. This document does not constitute an offer to sell or the solicitation of an offer to buy the Notes described herein.

 

You are requested to take note of the same and bring it to the notice of all concerned.

 

 

ICICI Bank Limited

ICICI Bank Towers

Bandra-Kurla Complex

Mumbai 400 051, India.

 

Tel.: 022- 4008 8900

Email: companysecretary@icici.bank.in

Website: www.icici.bank.in

CIN.: L65190GJ1994PLC021012

 

Regd. Office: ICICI Bank Tower, Near Chakli Circle,

Old Padra Road, Vadodara 390007. India

 

 

     Annexure

 

Particulars

Details

 

Issuer ICICI Bank Limited, acting through its IFSC Banking Unit
Type of securities USD denominated Senior Unsecured Fixed Rate Notes (“Notes”)
Type of issuance RegS Registered, Category 2, Drawdown under the Bank’s USD 7.5 billion Global Medium Term Note Programme
Size of the Issue USD 1 billion
Use of Proceeds The net proceeds from issue of Notes will be used by the Issuer for its general corporate purposes in accordance with relevant regulatory guidelines
Whether proposed to be listed? If yes, name of the stock exchange(s) Proposed to be listed at Global Securities Market of the India International Exchange IFSC Limited, Debt Securities Market of the NSE IFSC Limited and SGX-ST
Tenure of the instrument - date of allotment and date of maturity

Tenure - 5 years 

Allotment Date - August 27, 2026 

Date of Maturity - August 27, 2031 

Coupon/interest offered, schedule of payment of coupon/ interest and principal

Coupon: 5.410%

 

Interest payment dates: 27 February and 27 August in each year up to and including the date of maturity. 

Charge or security, if any, created over the assets Unsecured
Special right/interest/privileges attached to the instrument and changes thereof Not applicable
Delay in payment of interest/ principal amount for a period of more than three months from the due date or default in payment of interest/ principal Nil
Details of any letter or comments regarding payment/non-payment of interest, principal on due dates, or any other matter concerning the security and /or the assets along with its comments thereon, if any Not applicable

 

 

ICICI Bank Limited

ICICI Bank Towers

Bandra-Kurla Complex

Mumbai 400 051, India.

 

Tel.: 022- 4008 8900

Email: companysecretary@icici.bank.in

Website: www.icici.bank.in

CIN.: L65190GJ1994PLC021012

 

Regd. Office: ICICI Bank Tower, Near Chakli Circle,

Old Padra Road, Vadodara 390007. India

 

 

Details of redemption of preference shares indicating the manner of redemption (whether out of profits or out of fresh issue) and debentures Redemption on the date of maturity
Any cancellation or termination of proposal for issuance of securities including reasons thereof Nil

 

 

 

 

 

 

 

ICICI Bank Limited

ICICI Bank Towers

Bandra-Kurla Complex

Mumbai 400 051, India.

 

Tel.: 022- 4008 8900

Email: companysecretary@icici.bank.in

Website: www.icici.bank.in

CIN.: L65190GJ1994PLC021012

 

Regd. Office: ICICI Bank Tower, Near Chakli Circle,

Old Padra Road, Vadodara 390007. India

 

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorised.

 

      For ICICI Bank Limited
         
Date : August 24, 2026      
    By: /s/ Prachiti Lalingkar

      Name : Prachiti Lalingkar

      Title : Company Secretary

 

 

 

 

 

 

 

ICICI Bank Limited

ICICI Bank Towers

Bandra-Kurla Complex

Mumbai 400 051, India.

 

Tel.: 022- 4008 8900

Email: companysecretary@icici.bank.in

Website: www.icici.bank.in

CIN.: L65190GJ1994PLC021012

 

Regd. Office: ICICI Bank Tower, Near Chakli Circle,

Old Padra Road, Vadodara 390007. India