ICICI Bank raises USD 1 bn via 5-year notes at 5.41% coupon

New credit facilityCredit & Debt View source PDF Explain this filing

ICICIBANK · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

+0.5%Reaction day

₹1415.00

prior close

₹1408.00

announcement price

After-mkt

timing

Nifty 100market+0.5%+0.0% vs market

Private Sector Bank peers, median of 19sector-0.1%+0.6% vs sector

On the reaction day the stock moved in line with Nifty 100 and 0.6 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

+0.6

10m

+0.7

15m

+0.6

30m

+0.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.5+0.5+0.0-0.1+0.6

Next day

+1.4+0.1+1.3+1.6-0.2

+2.3-0.3+2.6+1.6+0.7

+0.7-0.1+0.8+0.4+0.3

+2.8-0.5+3.3+1.1+1.6

+0.9-0.8+1.8+0.8+0.1

+1.2-1.4+2.6+2.4-1.2

15d

-4.0-4.3+0.3-0.4-3.6

-6.2-4.2-2.0+0.2-6.4

-0.9-6.8+5.9-7.7+6.8

—————

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 priced USD 1 billion Senior Unsecured Notes at 5.410 percent coupon, maturing August 2031. Issuance under the bank's USD 7.5 billion Global Medium Term Note Programme. Rated Baa3 by Moody's and BBB by S&P. Proceeds to be used for general corporate purposes. Notes to be listed on India INX, NSE IFSC, and SGX-ST.

Likely market impact

Successful dollar fundraising at competitive rate signals strong overseas demand; diversifies and expands its borrowing base.