ICICI Bank Board Approves Overseas Borrowings Limit of Up to USD 5 Billion
ICICI Bank's board approved a revised limit of up to USD 5 billion for bonds, notes and offshore certificates of deposit in overseas markets.
ICICI Bank Ltd informed the exchanges on August 21, 2026, that its board had approved a revised limit of up to USD 5 billion for overseas borrowings, according to a filing submitted to BSE after the board meeting.
The approval permits the bank to raise funds in overseas markets through the issuance of bonds, notes or offshore certificates of deposit. The disclosure was made under the applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.
Board clears revised overseas fundraising ceiling
The board's decision relates to a borrowing limit and identifies three permitted instruments for accessing overseas markets:
- Issuance of bonds
- Issuance of notes
- Issuance of offshore certificates of deposit
The filing describes the USD 5 billion ceiling as a revised limit. It does not provide details about an immediate issuance, including the amount to be raised through any individual instrument, the currency mix, maturity, coupon, pricing or proposed timetable.
Accordingly, the disclosed development is a board authorisation covering potential overseas borrowings within the approved ceiling. The announcement does not state that ICICI Bank has completed a fundraising transaction or entered the market with a specific bond, note or certificate-of-deposit issue.
Meeting concluded in 16 minutes
ICICI Bank said the board meeting commenced at 10:28 am and concluded at 10:44 am on August 21. The outcome was reported by Prachiti Lalingkar, Company Secretary.
The communication was addressed to BSE Limited and the National Stock Exchange of India Limited. Copies were also marked to the New York Stock Exchange, Japan Securities Dealers Association, Singapore Stock Exchange and SIX Swiss Exchange Limited.
For investors tracking the bank's funding plans, the verified disclosure establishes the maximum revised overseas borrowing authorisation and the eligible instruments. Any transaction-specific terms would require a separate disclosure if and when the bank decides to proceed.
Source: BSE corporate announcement.