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ICICI Bank Limited — Bonds & AAA (CRISIL) Rating on senior bonds

Bank · Financial Services

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Methodology v1.0 Download Report (PDF) Watch
Agency Rating
AAA (CRISIL)
Most common current rating on senior bonds
1 of 1 rated · CRISIL, 28 Jun 2026
AT1 / perpetual: AAA (CRISIL)
Total Debt Outstanding
₹42,277 Cr
Across 24 instruments
Active Bonds
24
First Issue
22 Jan 1998
Latest Issue
28 Nov 2025
Maturity Range
2027 - 2040
Observation
24 active bonds tracked from this issuer.
View details →
Coverage: High Data Quality: High Sources: NSE, BSE, SEBI, rating agencies
Issuer health card Nothing flagged on record
  • Current ratings CRISIL AAA, CARE AAA
  • Rating range All current ratings on AT1 / perpetual bonds are AAA (CARE 30 Nov 2014, CRISIL 30 Nov 2014)
  • Rating direction, 12 months No rating actions on file
  • Watch / negative outlook None in 12 months
  • Issuer not cooperating No such actions in 12 months
  • Rating withdrawn, 12 months No withdrawal of this issuer's rating in 12 months
  • Newest agency rating Dated 28 Jun 2026
  • Payment record 4 payment disclosures since 17 Jul 2026: all on time
  • Defaults on record No bond marked defaulted
  • Traded in the last 30 days 2 of 24 active bonds had an exchange trade
  • Exchange filings, 90 days 74 filings on NSE/BSE

A checklist of published facts, not a rating or a view on credit quality. Ratings are the agencies' own; payment record covers NSE disclosures since 17 Jul 2026; "late" means paid more than 3 days after the due date (next-working-day payments are allowed). Rating range covers every current rating on the issuer's active bonds, with each agency's rating date. Rating actions count only when the agency's heading names this issuer, not pools or trusts it originated; a withdrawal is flagged only when the issuer's rating itself is withdrawn, not a single facility. Rating age uses the newest rating date on file and is flagged when older than 12 months. See methodology.

Alert me about ICICI Bank Limited An email when a rating agency acts on this issuer (including any cut to default grade D) or a payment is disclosed late or short. Free, no account needed.
01 Issuer Overview
Sector
Financial Services
Issuer Type
Bank
First Tracked Bond
22 Jan 1998
Start of this issuer's debt program timeline
  • 24 active bonds tracked from this issuer.
  • 0 of 18 tracked bonds with a stated security status are secured. (based on 18 bonds with a disclosed security status)

ICICI Bank Limited is a bank or financial institution in the Financial Services sector. Coupon rates on outstanding bonds range from 6.45% - 10.15%, paid annually. Bonds mature between 2027 - 2040.

Data sourced from NSDL, BSE, NSE, and registered credit rating agencies. Verify against the issuer's offer document before transacting.

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02 Debt Profile
Outstanding Bonds
24
Tracked by RetailBonds
Amount Tracked
₹42,277 Cr
Of bonds tracked by RetailBonds — not the issuer's total outstanding debt (disclosed for 18 of 24 bonds)
Avg Coupon
8.26%
Range 6.45% - 10.15%
Avg Remaining Tenure
4.4 Yrs
Nearest maturity Apr 2027
Secured
0%
0 of 18 bonds with known status
Callable
4
Of 24 bonds
Avg Spread vs G-Sec
+58 bps
Credit premium, from 2 bonds with a current market yield

Maturity Profile

Active bonds maturing, by year. Bar height relative to the tallest year (9 bonds).

0 2027: 4 bonds, ₹4,001 Cr tracked, avg coupon 7.47% 4 bonds 2027 2028: 3 bonds, ₹7,831 Cr tracked, avg coupon 6.56% 3 bonds 2028 2029: 2 bonds, ₹3,100 Cr tracked, avg coupon 7.53% 2 bonds 2029 2031: 1 bond, ₹500 Cr tracked, avg coupon 6.96% 1 bond 2031 2032: 1 bond, ₹8,000 Cr tracked, avg coupon 7.12% 1 bond 2032 2033: 1 bond, ₹400 Cr tracked, avg coupon 7.57% 1 bond 2033 2034: 1 bond, ₹3,000 Cr tracked, avg coupon 7.53% 1 bond 2034 2040: 2 bonds, ₹4,945 Cr tracked, avg coupon 7.43% 2 bonds 2040 2042+: 9 bonds, ₹10,500 Cr tracked, avg coupon 9.51% 9 bonds 2042+

Security Type / Instrument Mix

  • NCD 24 bonds · 100% · ₹42,277 Cr tracked

Funding Evolution

■ Issued that year — Cumulative outstanding (tracked)
2000: ₹0 Cr issued 2000 2001: ₹4 Cr issued 2001 2017: ₹7,500 Cr issued 2017 2018: ₹7,000 Cr issued 2018 2021: ₹8,327 Cr issued 2021 2022: ₹11,100 Cr issued 2022 2023: ₹400 Cr issued 2023 2024: ₹3,000 Cr issued 2024 2025: ₹4,945 Cr issued 2025 Cumulative: ₹0 Cr Cumulative: ₹5 Cr Cumulative: ₹7,505 Cr Cumulative: ₹14,505 Cr Cumulative: ₹22,832 Cr Cumulative: ₹33,932 Cr Cumulative: ₹34,332 Cr Cumulative: ₹37,332 Cr Cumulative: ₹42,277 Cr

Based on 18 of 24 active bonds with a known issue date and issue size — the rest are excluded, not assumed zero.

03 Credit Profile
  • AAA 15 bonds · 62%
  • AA 3 bonds · 12%
  • Unrated 6 bonds · 25%
AgencyRatingOutlookBonds
CRISIL AAA — 4
CARE AAA — 1
CARE AAA NSDL record — 5
ICRA AAA NSDL record — 4
CARE AA+ NSDL record — 2
CRISIL AAA NSDL record — 1
ICRA AA+ NSDL record — 1

Recent Rating Actions

No rating action history available.

04 Outstanding Bonds View all bonds →
ISIN Bond Name Coupon Rating Maturity YTM Last Trade Details
INE090A08ST0 ICICI Bank Apr 2027 NCD — — 2027-04-22 — —
INE090A08SU8 ICICI Bank May 2027 NCD — — 2027-05-17 — —
INE090A08TY8 ICICI Bank 7.47% Jun 2027 NCD 7.47% AAA (ICRA, NSDL record 2017) 2027-06-25 7.90% 2026-10-15
INE090A08SS2 ICICI Bank Nov 2027 NCD — — 2027-11-03 — —
INE090A08TM3 ICICI Bank Mar 2028 NCD — — 2028-03-08 — —
INE090A08UE8 ICICI Bank 6.45% Jun 2028 NCD 6.45% AAA (CARE, NSDL record 2021) 2028-06-15 — 2026-09-15
INE090A08UF5 ICICI Bank 6.67% Nov 2028 NCD 6.67% AAA (ICRA, NSDL record 2021) 2028-11-26 — 2026-10-01
INE090A08UI9 ICICI Bank 7.42% Sep 2029 NCD 7.42% AAA (CRISIL, NSDL record 2022) 2029-09-15 — —
INE090A08UJ7 ICICI Bank 7.63% Dec 2029 NCD 7.63% AAA (CARE, NSDL record 2022) 2029-12-12 — —
INE090A08UG3 ICICI Bank 6.96% Dec 2031 NCD 6.96% AAA (CARE, NSDL record 2021) 2031-12-17 — 2026-06-25
INE090A08UH1 ICICI Bank 7.12% Mar 2032 NCD 7.12% AAA (ICRA, NSDL record 2022) 2032-03-11 — —
INE090A08UK5 ICICI Bank 7.57% Oct 2033 NCD 7.57% AAA (CARE, NSDL record 2023) 2033-10-03 — —
INE090A08UL3 ICICI Bank 7.53% Jul 2034 NCD 7.53% AAA (CRISIL) 2034-07-03 — 2026-09-28
INE090A08UM1 ICICI Bank 7.45% Jun 2040 NCD 7.45% AAA (CARE, NSDL record 2025) 2040-06-27 — —
INE090A08UN9 ICICI Bank 7.40% Nov 2040 NCD 7.40% AAA (ICRA, NSDL record 2025) 2040-11-28 7.41% 2026-11-05
INE090A08LK4 ICICI Bank 9.98% Perpetual NCD 9.98% AAA (CRISIL) Perpetual — —
INE090A08NG8 ICICI Bank 10.15% Perpetual NCD 10.15% AAA (CRISIL) Perpetual — —
INE090A08TW2 ICICI Bank 9.20% Perpetual NCD 9.20% AA+ (ICRA, NSDL record 2017) Perpetual — —
INE090A08TZ5 ICICI Bank 8.55% Perpetual NCD 8.55% — Perpetual — —
INE090A08UA6 ICICI Bank 8.55% Perpetual NCD 8.55% — Perpetual — —
INE090A08KW1 ICICI Bank 10.10% Perpetual NCD 10.10% AAA (CARE) Perpetual — 2026-08-21
INE090A08KY7 ICICI Bank 9.98% Perpetual NCD 9.98% AAA (CRISIL) Perpetual — —
INE090A08UB4 ICICI Bank 9.15% Perpetual NCD 9.15% AA+ (CARE, NSDL record 2018) Perpetual — —
INE090A08UC2 ICICI Bank 9.90% Perpetual NCD 9.90% AA+ (CARE, NSDL record 2018) Perpetual — —
Compare (/) Compare Bonds

YTM is the market yield from the latest BSE/NSE trade. It shows “—” when that trade is over 30 days old, the bond is under 30 days from maturity, it is a market-linked debenture, or the price failed our checks (hover the dash for the reason). A coupon is never shown as a yield.

05 Market Activity

Last 30 days, across all outstanding bonds from this issuer.

BSE Traded Value (Last 30 Days)
—
Number of Trades (Last 30 Days)
2
Avg. Yield (Last 30 Days)
7.65%
06 Payment Disclosures (SEBI Reg52(4)) 2 disclosed

Interest and redemption payments as broadcast by NSE under SEBI LODR Reg 52(4)/60, across all outstanding bonds from this issuer -- actual disclosed events, not a projected schedule.

Due DateBondTypeAmount DueAmount PaidStatusFiling
3 Oct 2026 7.57% UNSECURED RATED LISTED... Interest ₹3,02,80,00,000.00 ₹3,02,80,00,000.00 Paid XBRL →
15 Sep 2026 7.42% UNSECURED RATED LISTED SENIOR... Interest ₹1,55,82,00,000.00 ₹1,55,82,00,000.00 Paid XBRL →

Source: NSE Debt Centralised Database, per SEBI LODR Reg 52(4)/60. Coverage begins 2 Aug 2026 — history accumulates as disclosures are broadcast.

07 Regulatory Filings
08 Methodology & Data Coverage
DatasetCountFreshness
Credit Ratings (current) 18 2026-06-28
Rating Actions History 0 —
Secondary-Market Trades 19 2026-11-05
Reg52(4) Payment Disclosures 2 2026-10-03

Methodology version 1.0. See full methodology for sources and limitations.

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Frequently Asked Questions
How many active bonds does ICICI Bank Limited have?

ICICI Bank Limited currently has 24 active bonds with coupons of 6.45% - 10.15%, maturities spanning 2027 - 2040.

What is ICICI Bank Limited's credit rating?

The most common current rating on ICICI Bank Limited's senior bonds is AAA (CRISIL). Ratings on file come from CARE, CRISIL. Other instrument classes: AT1 / perpetual: AAA (CRISIL).

Are ICICI Bank Limited's bonds secured?

Of the 18 bonds with a disclosed security status, 0 are secured (0%) and 18 are unsecured.

When do ICICI Bank Limited's bonds mature?

ICICI Bank Limited's active bonds mature between 2027 - 2040; the nearest matures in Apr 2027; the average tenure is 4.4 Yrs.

What is the average coupon on ICICI Bank Limited's bonds?

The average coupon across ICICI Bank Limited's 24 active bonds is 8.26%.

Disclaimer: This page aggregates publicly available data about ICICI Bank Limited for informational purposes only. Ratings shown are the opinion of the issuing rating agency and are not buy/sell recommendations. RetailBonds.in does not issue its own ratings or investment advice. Verify all data against the issuer’s offer document before transacting.