In continuation to the disclosure made by the Bank on August 31, 2026, with respect to pricing of USD 500 million Senior Unsecured Fixed Rate Notes under the Bank''s USD 7.5 billion Global ....
FUNDRAISE
▲ Positive Development
LOW RISK
📅 Filed on BSE: 01 Sep 2026, 06:51 PM IST · BSE ID: 10145da6-7280-4a49-8442-79eabb9ebfaa
View Original BSE Filing (PDF)
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In Simple Terms
ICICI Bank's new USD 500 million debt was rated by two agencies, showing it's considered a stable investment.
🤖 AI Summary
- ICICI Bank's USD 500 million notes received BBB (S&P) and Baa3 (Moody's) ratings.
- Ratings assigned by Moody's and S&P Global Ratings via letters dated September 1, 2026.
- Notes are Senior Unsecured Fixed Rate, priced under the Bank's USD 7.5 billion GMTN Programme.
- Disclosure continues from the Bank's August 31, 2026, intimation on note pricing.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Note Value
USD 500 million
GMTN Programme Size
USD 7.5 billion
🏢 How This Affects the Company
The assignment of credit ratings by Moody's and S&P Global Ratings provides an independent assessment of the creditworthiness of the USD 500 million Senior Unsecured Fixed Rate Notes, potentially influencing their market acceptance and cost of funds.
The 'BBB' and 'Baa3' ratings suggest a moderate level of credit risk for these notes, as assessed by major rating agencies.
👥 What This Means For Shareholders
✅
Action Required
No action is required from shareholders regarding this disclosure.
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Who Is Affected
Holders of the USD 500 million Senior Unsecured Fixed Rate Notes are directly affected by the assigned credit ratings.
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Management Signal
Management is actively managing the bank's funding profile through international debt markets and ensuring adequate credit assessments for its issuances.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Final terms sheet for the USD 500 million notes.
Market performance of the issued notes.
Future disclosures on Global Medium Term Note Programme activity.
LOW RISK
Standard credit rating assignment for a debt issuance by a major financial institution.
💡 Investor Takeaway
ICICI Bank's USD 500 million Senior Unsecured Fixed Rate Notes have been rated 'BBB' by S&P and 'Baa3' by Moody's, confirming investment-grade status for this borrowing.
⚖️ Strengths & Concerns
✅ Positives
- Moody's assigned 'Baa3' rating to the USD 500 million Senior Unsecured Fixed Rate Notes.
- S&P Global Ratings assigned 'BBB' rating to the USD 500 million Senior Unsecured Fixed Rate Notes.
📅 Company Track Record
In July 2026, ICICI Bank priced USD 1 billion Senior Unsecured Notes at 5.459% coupon. In March 2026, the bank completed redemption of USD 800 million notes issued under its GMTN Programme.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What ratings did S&P and Moody's assign to ICICI Bank's USD 500 million notes?
S&P Global Ratings assigned a 'BBB' rating and Moody's assigned a 'Baa3' rating to ICICI Bank's USD 500 million Senior Unsecured Fixed Rate Notes.
When were the ratings for the ICICI Bank USD 500 million notes assigned?
The ratings were assigned by Moody's and S&P Global Ratings via letters dated September 1, 2026.
Under which program were ICICI Bank's USD 500 million notes issued?
The USD 500 million notes were issued under ICICI Bank's USD 7.5 billion Global Medium Term Note Programme.
Is this filing related to the pricing of the USD 500 million notes?
Yes, this filing is in continuation of the Bank's disclosure on August 31, 2026, regarding the pricing of these USD 500 million notes.
Questions based on this BSE filing only. For information purposes.