ICICI Bank (NYSE: IBN) completes USD 1B senior notes issue
Rhea-AI Filing Summary
ICICI Bank Limited, acting through its IFSC Banking Unit, has completed the issuance of USD 1 billion Senior Unsecured Fixed Rate Notes under its USD 7.5 billion Global Medium Term Note Programme.
The notes are rated BBB by S&P Global Ratings and Baa3 by Moody’s Ratings. They will be listed on the Global Securities Market of India International Exchange IFSC Limited, the Debt Securities Market of NSE IFSC Limited, and SGX-ST, and are not being offered or sold in the United States under the U.S. Securities Act of 1933.
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Key Figures
Notes Issued: USD 1 billion
Global Medium Term Note Programme Capacity: USD 7.5 billion
S&P Global Ratings: BBB
+1 more
4 metrics
Notes Issued
USD 1 billion
Senior Unsecured Fixed Rate Notes completed through IFSC Banking Unit
Global Medium Term Note Programme Capacity
USD 7.5 billion
Total size of ICICI Bank's GMTN programme under which the notes were issued
S&P Global Ratings
BBB
Credit rating assigned to the newly issued notes
Moody’s Ratings
Baa3
Credit rating assigned to the newly issued notes
Key Terms
Senior Unsecured Fixed Rate Notes, Global Medium Term Note Programme, IFSC Banking Unit, Securities Act of 1933, +1 more
5 terms
Senior Unsecured Fixed Rate Notes financial
"completed the issuance of USD 1 billion Senior Unsecured Fixed Rate Notes"
Global Medium Term Note Programme financial
"under the USD 7.5 billion Global Medium Term Note Programme of the Bank"
IFSC Banking Unit regulatory
"ICICI Bank Limited (“Bank”), acting through its IFSC Banking Unit, has today completed"
Securities Act of 1933 regulatory
"not been and will not be registered under the United States Securities Act of 1933"
SGX-ST financial
"Debt Securities Market of the NSE IFSC Limited and SGX-ST."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What debt issuance did ICICI Bank (IBN) complete in July 2026?
ICICI Bank (IBN) completed a USD 1 billion issuance of Senior Unsecured Fixed Rate Notes. The transaction was carried out through its IFSC Banking Unit under the bank’s existing Global Medium Term Note Programme, expanding its international funding arrangements.
What is the size and structure of ICICI Bank’s (IBN) new notes?
ICICI Bank (IBN) issued USD 1 billion in Senior Unsecured Fixed Rate Notes. These notes form one series under a larger Global Medium Term Note framework, providing fixed interest payments and ranking as unsecured senior obligations of the bank.
Under which programme were ICICI Bank’s (IBN) USD 1 billion notes issued?
The USD 1 billion notes were issued under ICICI Bank’s USD 7.5 billion Global Medium Term Note Programme. This programme allows the bank to issue multiple debt tranches internationally, up to the overall programme limit, as funding needs arise.
How are ICICI Bank’s (IBN) new notes rated by credit agencies?
The new notes are rated BBB by S&P Global Ratings and Baa3 by Moody’s Ratings. These investment-grade ratings reflect the agencies’ assessment of the credit quality of the specific notes issued under ICICI Bank’s Global Medium Term Note Programme.
On which exchanges will ICICI Bank’s (IBN) USD 1 billion notes be listed?
The notes will be listed on the Global Securities Market of India International Exchange IFSC Limited, the Debt Securities Market of NSE IFSC Limited, and SGX-ST. These listings facilitate trading access for institutional and other eligible international investors.
Can ICICI Bank’s (IBN) new notes be offered or sold in the United States?
The notes are not registered under the U.S. Securities Act of 1933 and are not being offered in the United States. Any sale to U.S. persons would require an exemption from registration and compliance with applicable U.S. state securities laws.


