ICICI Bank prices $1B 5.41% 5-year senior notes
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.
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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.
Filing Explained
The USD 1 billion notes have been priced, but allotment is scheduled for
Key Figures
Key Terms
Global Medium Term Note Programme financial
Senior Unsecured Fixed Rate Notes financial
RegS Registered, Category 2 regulatory
IFSC Banking Unit regulatory
Global Securities Market of the India International Exchange IFSC Limited financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What type of securities has ICICI BANK LTD (IBN) issued in this 6-K?
What are the coupon and maturity details of ICICI BANK LTD (IBN)'s new notes?
How will ICICI BANK LTD (IBN) use the USD 1 billion note proceeds?
What credit ratings were assigned to ICICI BANK LTD (IBN)'s new notes?
On which exchanges are ICICI BANK LTD (IBN)'s new notes proposed to be listed?
Are ICICI BANK LTD (IBN)'s new notes secured and were there any payment defaults disclosed?
AI-generated analysis. How Rhea-AI works. Not financial advice.