ICICI Bank (NSE:ICICIBANK) has completed a $500mn bond sale under its global medium-term note programme, adding to the Indian lender’s access to international debt markets as banks seek to diversify funding sources.

According to a filing by the bank with India’s stock exchanges, the notes are senior unsecured fixed-rate securities issued through its IFSC Banking Unit, dated September 3, 2026.

The transaction forms part of ICICI Bank’s $7.5bn Global Medium Term Note Programme. The securities carry ratings of BBB from S&P Global Ratings and Baa3 from Moody’s Ratings. They are scheduled for listing across three venues, including the Global Securities Market of India International Exchange IFSC, the Debt Securities Market of NSE IFSC and Singapore Exchange Securities Trading.

The issuance provides ICICI Bank with additional foreign-currency funding capacity while extending its presence in offshore and international capital markets. The disclosure did not provide the notes’ coupon, maturity or pricing details.

The transaction follows the bank’s August 31, 2026 communication on the planned issuance, indicating that the sale has now moved from announcement to completion. Proceeds and final terms were not detailed in the filing.

ICICI Bank, India’s second-largest private-sector lender by assets, has increasingly used overseas markets alongside domestic funding channels. International debt issuance can help banks broaden their investor base and manage currency and funding requirements, although borrowing costs remain sensitive to global credit conditions.

The securities will not be registered in the US and are not intended for public distribution there, according to the disclosure. The bank also notified international exchanges and securities organisations.