ICICI Bank Limited (NYSE: IBN) prices $1B 5-year senior USD notes

Rhea-AI Filing Summary

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 July 30, 2026 and maturity on July 30, 2031.

The Notes carry a fixed coupon of 5.459%, with interest payable semi-annually on 30 July and 30 January each year until maturity. They are unsecured and issued as Rule 144A/Reg S securities. Net proceeds will be used for the Bank’s general corporate purposes in line with 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-. The securities have not been registered under the U.S. Securities Act of 1933, and there is no intention to register them or make a public offering in the United States.

Key Figures

Issue Size: USD 1 billion Programme Size: USD 7.5 billion Coupon Rate: 5.459% +3 more

6 metrics

Issue Size USD 1 billion Size of the Senior Unsecured Fixed Rate Notes issuance

Programme Size USD 7.5 billion Aggregate size of ICICI Bank’s Global Medium Term Note Programme

Coupon Rate 5.459% Fixed annual interest rate on the Notes

Tenure 5 years Time from allotment on July 30, 2026 to maturity on July 30, 2031

Allotment Date July 30, 2026 Date on which the Notes will be allotted

Maturity Date July 30, 2031 Date on which principal is due for redemption

Key Terms

Global Medium Term Note Programme, Senior Unsecured Fixed Rate Notes, IFSC Banking Unit, Rule 144A/RegS Registered, +1 more

5 terms

Global Medium Term Note Programme financial

"under the USD 7.5 billion Global Medium Term Note Programme"

Senior Unsecured Fixed Rate Notes financial

"priced USD 1 billion Senior Unsecured Fixed Rate Notes"

IFSC Banking Unit financial

"ICICI Bank Limited, acting through its IFSC Banking Unit"

Rule 144A/RegS Registered regulatory

"Type of issuance | 144A/RegS Registered, Category 1"

general corporate purposes financial

"net proceeds from issue of Notes will be used by the Issuer for its general corporate purposes"

"General corporate purposes" refer to the broad range of activities and expenses a company can use its funds for to support its overall operations and growth. This can include things like paying bills, investing in new projects, or strengthening its financial position. For investors, understanding this term helps clarify how a company plans to use its resources to sustain and expand its business over time.

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FAQ

What did ICICI Bank (IBN) announce in this July 2026 report?

ICICI Bank announced the pricing of USD 1 billion Senior Unsecured Fixed Rate Notes under its USD 7.5 billion Global Medium Term Note Programme, issued through its IFSC Banking Unit and detailed in an accompanying annexure.

What are the key terms of ICICI Bank (IBN)’s new USD notes?

The Notes are Senior Unsecured Fixed Rate instruments with a 5-year tenure, a 5.459% coupon, allotment on July 30, 2026 and maturity on July 30, 2031, with semi-annual interest payments each January 30 and July 30.

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

ICICI Bank states that the net proceeds from the USD 1 billion Notes will be used for its general corporate purposes, in accordance with applicable regulatory guidelines governing the Bank and its IFSC Banking Unit.

Where will ICICI Bank (IBN)’s new USD notes 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-, providing access to international debt markets.

Are ICICI Bank (IBN)’s USD notes registered for sale in the United States?

No. The Notes have not been registered under the U.S. Securities Act of 1933 and may not be offered or sold in the United States except under an applicable exemption, with no intention to register or make a U.S. public offering.

What issuance format did ICICI Bank (IBN) use for these notes?

The Notes are issued as USD-denominated Senior Unsecured Fixed Rate Notes in a Rule 144A/Reg S Registered, Category 1 format, as a drawdown under ICICI Bank’s existing USD 7.5 billion Global Medium Term Note Programme.

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 July 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

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 1:33 a.m. IST priced USD 1 billion Senior Unsecured Fixed Rate Notes (“Notes”) under the USD 7.5 billion Global Medium Term Note Programme (“Programme”) of the Bank. Details of the pricing of the Notes are provided in Annexure.  

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	144A/RegS Registered, Category 1, 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 - July 30, 2026 Date of Maturity - July 30, 2031
Coupon/interest offered, schedule of payment of coupon/ interest and principal	Coupon: 5.459% Interest payment dates: 30 July and 30 January 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	: July 24, 2026		By:	/s/   Vivek Ranjan
				Name :	Vivek Ranjan
				Title    :	Leadership Team

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