ICICI Bank raises USD 1 billion via senior notes from IFSC unit

Fund Raising View source PDF Explain this filing

ICICIBANK · price

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Price reactionminutes from the announcement price · days from the prior close

+0.3%Reaction day

₹1430.00

prior close

₹1434.30

announcement price

After-mkt

timing

Nifty 100market+0.5%-0.2% vs market

Private Sector Bank peers, median of 19sector-0.1%+0.3% vs sector

On the reaction day the stock moved 0.2 pts less than Nifty 100 and 0.3 pts more than its Private Sector Bank peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.4

10m

+0.3

15m

+0.3

30m

+0.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.3+0.5-0.2-0.1+0.3

Next day

+1.0+2.0-1.0+1.0+0.0

+1.7+1.4+0.3+0.9+0.8

+1.4+1.5-0.1+0.7+0.7

+1.9+1.5+0.4+0.8+1.2

-0.3+1.4-1.7+0.7-1.1

-0.4+1.0-1.4+0.0-0.4

15d

-0.7+0.1-0.8+1.2-1.9

+1.7-0.5+2.2+1.5+0.2

-7.6-6.4-1.1-2.1-5.5

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UpDownMarket · Nifty 100Sector · Private Sector Bank peers, median of 19Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

ICICI Bank has completed the issuance of USD 1 billion Senior Unsecured Fixed Rate Notes through its IFSC Banking Unit. The notes are part of the bank's USD 7.5 billion Global Medium Term Note Programme. They carry investment grade ratings of BBB from S&P and Baa3 from Moody's. The notes will be listed on the Global Securities Market of India INX, NSE IFSC Debt Securities Market, and SGX-ST.

Likely market impact

Strengthens offshore funding base with investment grade dollar debt, diversifying the investor pool for the bank.