Bond Issuance Details
The Bank, acting through its IFSC Banking Unit, priced USD 1 billion Senior Unsecured Fixed Rate Notes ("Notes") at 1:33 a.m. IST on July 24, 2026. The issuance was made under the Bank's USD 7.5 billion Global Medium Term Note Programme.
Key Terms of the Notes
- Type of Securities: USD denominated Senior Unsecured Fixed Rate Notes
- Type of Issuance: 144A/RegS Registered, Category 1, Drawdown under the Programme
- Issue Size: USD 1 billion
- Use of Proceeds: The net proceeds will be used by the Issuer for its general corporate purposes in accordance with relevant regulatory guidelines
- Listing: Proposed to be listed at Global Securities Market of the India International Exchange IFSC Limited, Debt Securities Market of the NSE IFSC Limited, and SGX-ST
- Tenure: 5 years
- Allotment Date: July 30, 2026
- Maturity Date: July 30, 2031
- Coupon: 5.459% per annum
- Interest Payment Schedule: Semi-annual payments on 30 July and 30 January each year, up to and including the maturity date
- Security: Unsecured
- Special Rights/Privileges: Not applicable
- Payment History: No history of delay in payment of interest/principal beyond three months from due date or default
Regulatory and Legal Considerations
The document explicitly states that this is not an offer of securities for sale in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933 and may not be offered or sold in the United States except pursuant to an exemption from registration requirements. There is no intention to register the securities in the United States or make a public offering there.
Distribution
Copies of the disclosure were sent to:
- New York Stock Exchange (NYSE)
- Japan Securities Dealers Association
- Singapore Stock Exchange
- SIX Swiss Exchange Ltd