ICICI Bank prices USD 300M 5-year senior notes
ICICI Bank Limited, acting through its IFSC Banking Unit, has priced USD 300 million USD-denominated Senior Unsecured Fixed Rate Notes under its USD 7.5 billion Global Medium Term Note Programme.
Rhea-AI Filing Summary
ICICI Bank Limited, acting through its IFSC Banking Unit, has priced USD 300 million USD-denominated Senior Unsecured Fixed Rate Notes under its USD 7.5 billion Global Medium Term Note Programme. The issuance is structured as a RegS drawdown and the net proceeds will be used for the Bank’s general corporate purposes in accordance with relevant regulatory guidelines.
The Notes have a 5-year tenure with an allotment date of August 13, 2026 and a maturity date of August 13, 2031. They carry a fixed coupon of 5.352%, with interest payable on 13 February and 13 August each year up to and including maturity. The Notes are unsecured and are proposed to be listed on the Global Securities Market of India International Exchange IFSC Limited and the Debt Securities Market of NSE IFSC Limited. No delays or defaults in payment of interest or principal are reported.
Positive
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Negative
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Filing Explained
The filing adds a distribution restriction: the notes are not registered under U.S. securities laws and are not a U.S. offer; U.S. sales require an exemption or a transaction outside those requirements.
Key Figures
Key Terms
Global Medium Term Note Programme financial
Senior Unsecured Fixed Rate Notes financial
RegS regulatory
IFSC Banking Unit regulatory
Global Securities Market financial
Debt Securities Market financial
FAQ
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What type of securities is ICICI Bank (IBN) issuing in this 6-K?
What is the size and coupon of ICICI Bank (IBN)'s new notes?
When do ICICI Bank (IBN)'s new USD notes start and mature?
How will ICICI Bank (IBN) use the proceeds from this USD 300 million issue?
Where will ICICI Bank (IBN)'s new notes be listed and traded?
Are there any delays or defaults reported on ICICI Bank (IBN)'s note payments?
AI-generated analysis. How Rhea-AI works. Not financial advice.