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ICICI Bank (IBN) gets Baa3 and BBB ratings on USD 300 million notes

(Neutral)
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

ICICI Bank Limited reports that Moody’s Ratings and S&P Global Ratings have assigned credit ratings to its recently priced USD 300 million Senior Unsecured Fixed Rate Notes issued under the Bank’s USD 7.5 billion Global Medium Term Note Programme. Moody’s assigned a Baa3 rating and S&P assigned a BBB rating to these Notes, as per letters dated August 12, 2026. The Notes are not being offered or sold in the United States, and there is no intention to register them under the U.S. Securities Act of 1933 or conduct a U.S. public offering.

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Notes issuance size USD 300 million Senior Unsecured Fixed Rate Notes under the Global Medium Term Note Programme
Global Medium Term Note Programme size USD 7.5 billion Overall size of ICICI Bank’s Global Medium Term Note Programme
Senior Unsecured Fixed Rate Notes financial
"pricing of USD 300 million Senior Unsecured Fixed Rate Notes"
Global Medium Term Note Programme financial
"under the Bank’s USD 7.5 billion Global Medium Term Note Programme"
Securities Act of 1933 regulatory
"registered under the United States Securities Act of 1933, as amended"
Baa3 financial
"Moody’s Ratings ... assigned ‘Baa3’ ... rating to the Notes"
Baa3 is Moody’s lowest investment-grade credit rating for a borrower’s bonds, signaling that the debt is acceptable but carries a moderate risk of problems repaying. Investors use it to gauge safety and expected return: like buying a used car that runs fine but may need extra maintenance, Baa3 debt is safer than high-risk issues but typically offers lower yields than truly risky debt and may prompt closer scrutiny or higher borrowing costs.
BBB financial
"S&P Global Ratings have ... assigned ‘BBB’ rating to the Notes"
bbb is a mid-level credit rating that signals an issuer or bond is financially stable but more vulnerable to adverse conditions than higher-rated peers. Think of it like a middle-of-the-road safety score for a car: it’s acceptable for everyday use but not the safest option in extreme conditions. For investors, a bbb rating matters because it influences borrowing costs, expected returns and portfolio rules about how much risk is acceptable, with lower ratings typically offering higher yields to compensate for greater risk.

FAQ

What did ICICI Bank (IBN) disclose about its USD 300 million notes?

ICICI Bank disclosed that its USD 300 million Senior Unsecured Fixed Rate Notes issued under a USD 7.5 billion Global Medium Term Note Programme received credit ratings from Moody’s and S&P, detailed in letters dated August 12, 2026.

What credit ratings did ICICI Bank (IBN) receive on the new notes?

Moody’s assigned a Baa3 rating and S&P Global Ratings assigned a BBB rating to ICICI Bank’s USD 300 million Senior Unsecured Fixed Rate Notes under its USD 7.5 billion Global Medium Term Note Programme, as of August 12, 2026.

Are ICICI Bank’s (IBN) USD 300 million notes being offered in the United States?

No, the USD 300 million Notes are not offered or sold in the United States. They are not registered under the U.S. Securities Act of 1933, and there is no intention to register or make a public offering in the United States.

Under what program were ICICI Bank’s (IBN) new notes issued?

The USD 300 million Senior Unsecured Fixed Rate Notes were issued under ICICI Bank’s USD 7.5 billion Global Medium Term Note Programme, which allows the bank to raise funds in international debt markets subject to applicable regulations.

Does the ICICI Bank (IBN) disclosure involve an offer to sell the notes?

No, the disclosure explicitly states it does not constitute an offer to sell or a solicitation to buy the Notes. It is an informational update on ratings and regulatory status, not a marketing document for the securities.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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:

 

In continuation to the disclosure made by ICICI Bank Limited (“Bank”) on August 6, 2026, with respect to the pricing of USD 300 million Senior Unsecured Fixed Rate Notes (“Notes”) under the Bank’s USD 7.5 billion Global Medium Term Note Programme, please note that Moody’s Ratings and S&P Global Ratings have vide letters dated August 12, 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

 

 

 

 

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 12, 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