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ICICIBANK · ICICI Bank Limited · NSE · Filed 21 Aug · 1 min read

ICICI Bank raises USD 750 million via offshore senior unsecured notes

The bank, acting through its IFSC Banking Unit, completed a USD 750 million issue of fixed-rate senior unsecured notes under its USD 7.5 billion medium-term note programme.

What was filed

ICICI Bank told the exchanges that, acting through its IFSC Banking Unit, it has completed the issuance of Senior Unsecured Fixed Rate Notes under its existing Global Medium Term Note Programme. The disclosure follows earlier letters dated August 18, 2026 that had flagged the offering.

Structure and listing

The notes carry investment-grade ratings from both S&P Global Ratings and Moody's Ratings. They are to be listed across three offshore venues — the Global Securities Market of the India International Exchange (IFSC), the Debt Securities Market of NSE IFSC, and the Singapore exchange (SGX-ST). The filing states the notes are not for distribution or sale in the United States and have not been registered under the U.S. Securities Act.

Why it matters to a holder

The issue draws down part of the bank's standing note programme and marks an offshore funding step. The filing sets out the size, ratings and listing venues but does not state the coupon, tenor or intended use of proceeds.

Notes issued
USD 750 million
Programme size
USD 7.5 billion
Rating (S&P)
BBB (S&P Global Ratings)

For holders, this documents a completed offshore borrowing under the bank's medium-term note programme; the filing confirms the amount and ratings but leaves coupon, tenor and use of proceeds undisclosed.

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