ICICI Bank Ltd.#s Proposed Hong Kong Dollar Senior Unsecured Notes Rated #BBB-#

Stocks and Financial Services Press Releases Thursday July 14, 2016 16:20
SINGAPORE--14 Jul--S&P Global Ratings

SINGAPORE (S&P Global Ratings) July 14, 2016--S&P Global Ratings todayassigned its 'BBB-' long-term issue rating to a proposed issue of HongKong-dollar-denominated senior unsecured notes by ICICI Bank Ltd. (foreigncurrency BBB-/Stable/A-3). The rating on the notes reflects the long-termissuer credit rating on the bank.

The proposed notes will constitute direct, unconditional, unsecured, andunsubordinated obligations of India-based ICICI Bank. They shall at all timesrank at par among themselves and with all other unsecured obligations of thebank.

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