Announced Fri, 24 Jul · 08:33 IST
ICICI Bank prices USD 1 bn 5-year senior unsecured notes at 5.459% coupon
Fund Raising View source PDF
ICICIBANK · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+0.8%1-day move
₹1433.40
prior close
₹1428.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.1-0.0+0.1-0.5+0.8—————————
Up moveDown movePending
AI summary
ICICI Bank has priced USD 1 billion senior unsecured fixed rate notes through its IFSC Banking Unit under its USD 7.5 billion Global Medium Term Note Programme. The notes carry a 5.459% coupon, have a 5-year tenure maturing July 30, 2031, with allotment on July 30, 2026. Interest is paid semi-annually. Proceeds will be used for general corporate purposes. Notes will be listed on India INX IFSC, NSE IFSC debt segment, and SGX-ST.
Likely market impact
Boosts ICICI Bank's capital base and diversifies overseas funding. Tight 5.459% pricing signals strong global investor appetite for Indian bank credit.