ICICI Bank prices $750M 5-year senior notes at 5.417%
ICICI Bank Limited, acting through its IFSC Banking Unit, has priced USD 750 million 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 Limited, acting through its IFSC Banking Unit, has priced USD 750 million 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 21, 2026 and maturity on August 21, 2031.
The Notes carry a fixed coupon of 5.417%, with interest payable semi-annually on 21 February and 21 August each year until maturity. Net proceeds will be used for the bank’s general corporate purposes in line with regulatory guidelines. The Notes are unsecured and are intended 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 issuance is structured as a Rule 144A/Regulation S offering and is not registered under the U.S. Securities Act of 1933.
Key Figures
Key Terms
Global Medium Term Note Programme financial
Senior Unsecured Fixed Rate Notes financial
IFSC Banking Unit financial
144A/RegS Registered regulatory
general corporate purposes financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What type of debt securities has ICICI Bank (IBN) issued in this 6-K?
What are the coupon rate and payment dates for ICICI Bank (IBN)’s new notes?
What is the maturity and tenure of ICICI Bank (IBN)’s USD 750 million notes?
How will ICICI Bank (IBN) use the proceeds from the USD 750 million note issue?
Where will ICICI Bank (IBN)’s new USD notes be listed?
Are ICICI Bank (IBN)’s new notes offered in the United States?
AI-generated analysis. How Rhea-AI works. Not financial advice.